Pan African Resources plc (LON:PAF)’s stock price hit a new 52-week high on Wednesday . The company traded as high as GBX 14.38 ($0.19) and last traded at GBX 14.30 ($0.19), with a volume of 1237966 shares changing hands. The stock had previously closed at GBX 13.80 ($0.18).

A number of analysts recently commented on PAF shares. Numis Securities reiterated a “buy” rating on shares of Pan African Resources in a research report on Monday, June 3rd. Peel Hunt reiterated a “buy” rating on shares of Pan African Resources in a research report on Friday, August 23rd.

The stock has a 50-day moving average of GBX 12.38 and a 200 day moving average of GBX 10.31. The company has a debt-to-equity ratio of 85.83, a current ratio of 0.41 and a quick ratio of 0.31. The stock has a market capitalization of $275.75 million and a price-to-earnings ratio of -2.97.

About Pan African Resources (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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