Pan African Resources (LON:PAF) Stock Price Down 6.5% - Time to Sell?

Pan African Resources PLC (LON:PAF - Get Free Report)'s share price traded down 6.5% during mid-day trading on Monday . The stock traded as low as GBX 45.35 ($0.60) and last traded at GBX 46.55 ($0.61). 8,117,977 shares traded hands during trading, an increase of 6% from the average session volume of 7,683,087 shares. The stock had previously closed at GBX 49.80 ($0.66).

Pan African Resources Stock Down 6.5%

The firm has a market cap of £1.02 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 8.95 and a beta of 0.89. The business's 50 day moving average price is GBX 42.88 and its 200 day moving average price is GBX 38.49. The company has a debt-to-equity ratio of 35.80, a quick ratio of 0.74 and a current ratio of 0.78.

About Pan African Resources

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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