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Pan African Resources (LON:PAF) Trading Down 6.5% - Here's Why

Pan African Resources logo with Basic Materials background

Shares of Pan African Resources PLC (LON:PAF - Get Free Report) were down 6.5% on Tuesday . 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 traded hands 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 has a 50 day moving average price of GBX 43.60 and a two-hundred day moving average price of GBX 38.72. 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 company has a market cap 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.

About Pan African Resources

(Get Free Report)

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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