Pan African Resources (LON:PAF) Reaches New 52-Week High – Here’s Why

Pan African Resources PLC (LON:PAF)’s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 42.50 ($0.53) and last traded at GBX 38.30 ($0.48), with a volume of 13808798 shares changing hands. The stock had previously closed at GBX 42.15 ($0.52).

Pan African Resources Stock Up 2.8 %

The company has a quick ratio of 0.74, a current ratio of 0.71 and a debt-to-equity ratio of 36.10. The firm has a 50 day moving average price of GBX 36.98 and a two-hundred day moving average price of GBX 34.16. The company has a market capitalization of £715.20 million, a price-to-earnings ratio of 1,241.67, a P/E/G ratio of 8.95 and a beta of 0.89.

Pan African Resources Company Profile

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.