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Pan African Resources (LON:PAF) Sets New 12-Month High - Should You Buy?

Pan African Resources logo with Basic Materials background

Pan African Resources PLC (LON:PAF - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as GBX 40 ($0.49) and last traded at GBX 39.84 ($0.49), with a volume of 316479 shares. The stock had previously closed at GBX 39.60 ($0.49).

Pan African Resources Stock Performance

The stock has a 50-day moving average price of GBX 35.55 and a 200-day moving average price of GBX 32.82. The company has a debt-to-equity ratio of 36.10, a current ratio of 0.71 and a quick ratio of 0.74. The company has a market capitalization of £751.68 million, a price-to-earnings ratio of 1,305.00, 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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