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Pan African Resources (LON:PAF) Hits New 12-Month High - Still a Buy?

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Pan African Resources PLC (LON:PAF - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 42.80 ($0.55) and last traded at GBX 42.45 ($0.55), with a volume of 2940104 shares. The stock had previously closed at GBX 41.65 ($0.54).

Pan African Resources Stock Performance

The company has a market capitalization of £947.71 million, a PE ratio of 20.50, a P/E/G ratio of 8.95 and a beta of 0.89. The stock's 50-day simple moving average is GBX 38 and its 200 day simple moving average is GBX 35.98. 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

(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.

Further Reading

Should You Invest $1,000 in Pan African Resources Right Now?

Before you consider Pan African Resources, you'll want to hear this.

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