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Pan African Resources (LON:PAF) Reaches New 52-Week High - Should You Buy?

Pan African Resources logo with Basic Materials background

Pan African Resources PLC (LON:PAF - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 42.50 ($0.53) and last traded at GBX 38.30 ($0.48), with a volume of 13808798 shares. The stock had previously closed at GBX 42.15 ($0.53).

Pan African Resources Trading Up 0.1 %

The business has a 50 day moving average of GBX 36.91 and a 200-day moving average of GBX 34.26. 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 firm has a market capitalization of £771.92 million, a P/E ratio of 16.69, a PEG ratio of 8.95 and a beta of 0.89.

Pan African Resources Company Profile

(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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