Pan African Resources (LON:PAF) Stock Price Down 7.3% - Here's Why

Pan African Resources PLC (LON:PAF - Get Free Report)'s stock price was down 7.3% during mid-day trading on Thursday . The stock traded as low as GBX 43.05 ($0.58) and last traded at GBX 44.25 ($0.59). Approximately 105,466,664 shares traded hands during mid-day trading, an increase of 1,013% from the average daily volume of 9,475,318 shares. The stock had previously closed at GBX 47.75 ($0.64).

Pan African Resources Price Performance

The stock has a fifty day moving average of GBX 40.85 and a 200 day moving average of GBX 37.87. The stock has a market cap of £960.81 million, a price-to-earnings ratio of 20.78, a P/E/G ratio of 8.95 and a beta of 0.89. The company has a debt-to-equity ratio of 35.80, a current ratio of 0.78 and a quick ratio of 0.74.

Pan African Resources Company Profile

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.