Pan African Resources (LON:PAF) Shares Down 6.5% - Should You Sell?

Pan African Resources PLC (LON:PAF - Get Free Report)'s share price dropped 6.5% during mid-day trading on Monday . The company traded as low as GBX 45.35 ($0.60) and last traded at GBX 46.55 ($0.62). Approximately 8,117,977 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 7,683,087 shares. The stock had previously closed at GBX 49.80 ($0.66).

Pan African Resources Stock Performance

The stock's 50-day moving average price is GBX 43.60 and its 200-day moving average price is GBX 38.72. The company has a market capitalization of £955.61 million, a price-to-earnings ratio of 20.67, 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 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.