Pan African Resources (LON:PAF) Share Price Passes Above 50 Day Moving Average of $12.29

Pan African Resources plc (LON:PAF)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.29 and traded as high as $11.30. Pan African Resources shares last traded at $11.18, with a volume of 174,861 shares.

A number of research firms have commented on PAF. Shore Capital restated a “not rated” rating on shares of Pan African Resources in a report on Wednesday, September 18th. Peel Hunt restated a “buy” rating and issued a GBX 17 ($0.22) price target on shares of Pan African Resources in a report on Wednesday, September 18th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 17 ($0.22) price target on shares of Pan African Resources in a report on Wednesday, September 18th.

The company has a debt-to-equity ratio of 72.86, a current ratio of 0.47 and a quick ratio of 0.37. The firm has a market capitalization of $215.59 million and a price-to-earnings ratio of 5.59. The business’s fifty day simple moving average is GBX 12.29 and its 200 day simple moving average is GBX 10.83.

Pan African Resources Company Profile (LON:PAF)

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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