Pan African Resources plc (LON:PAF) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 14.20 ($0.19) and last traded at GBX 14.10 ($0.18), with a volume of 3289147 shares changing hands. The stock had previously closed at GBX 14.10 ($0.18).
PAF has been the topic of a number of recent analyst reports. Numis Securities reaffirmed a “buy” rating on shares of Pan African Resources in a research report on Monday, June 3rd. Peel Hunt upped their target price on Pan African Resources from GBX 15.50 ($0.20) to GBX 16.50 ($0.22) and gave the company a “buy” rating in a research report on Wednesday, July 10th.
The company has a quick ratio of 0.31, a current ratio of 0.41 and a debt-to-equity ratio of 85.83. The stock has a market cap of $270.35 million and a price-to-earnings ratio of -2.92. The company’s fifty day moving average is GBX 11.15.
Pan African Resources PLC engages in the exploration of precious metals in South Africa. It operates through Barberton Mines, Evander Mines, Corporate, and Funding Company segments. The company primarily explores gold ores, platinum-group elements, and coal. Its principal property is the Barberton gold project that consists of three mines, including Fairview, New Consort, and Sheba located in the Mpumalanga Province.
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