Shares of Pan African Resources PLC (LON:PAF - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 35.30 ($0.44) and traded as high as GBX 35.45 ($0.44). Pan African Resources shares last traded at GBX 34.10 ($0.43), with a volume of 3,362,062 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 35 ($0.44) target price on shares of Pan African Resources in a research report on Wednesday, September 11th.
View Our Latest Stock Analysis on Pan African Resources
Pan African Resources Price Performance
The company has a market capitalization of £659.52 million, a P/E ratio of 1,145.00, a PEG ratio of 8.95 and a beta of 0.89. The stock's fifty day simple moving average is GBX 35.30 and its 200-day simple moving average is GBX 32.03. The company has a debt-to-equity ratio of 36.10, a current ratio of 0.71 and a quick ratio of 0.74.
About Pan African Resources
(
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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
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