Pan African Resources PLC (LON:PAF - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as GBX 63.40 ($0.86) and last traded at GBX 63.40 ($0.86), with a volume of 390649 shares trading hands. The stock had previously closed at GBX 62.30 ($0.84).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank raised their price objective on shares of Pan African Resources from GBX 55 ($0.75) to GBX 71 ($0.96) and gave the company a "buy" rating in a research note on Wednesday, July 2nd.
Read Our Latest Report on Pan African Resources
Pan African Resources Stock Performance
The firm has a market capitalization of £1.36 billion, a P/E ratio of 29.37, a price-to-earnings-growth ratio of 8.95 and a beta of 0.89. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 35.80. The business's 50 day simple moving average is GBX 52.44 and its two-hundred day simple moving average is GBX 45.69.
About Pan African Resources
(
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Pan African is an African-focused mid-tier gold producer, with annual production capacity of over 200,000 oz/year from long-life (+20 years) underground mines in the prolific Witwatersrand Basin and the Barberton Greenstone Belt, as well as from low-cost high-margin environmentally remediating surface remining operations.
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