Pan African Resources (LON:PAF) Trading Up 6.4% – Here’s What Happened

Shares of Pan African Resources PLC (LON:PAF) traded up 6.4% during trading on Wednesday . The company traded as high as GBX 124.30 and last traded at GBX 121.96. 9,129,342 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 24,531,916 shares. The stock had previously closed at GBX 114.60.

Analyst Ratings Changes

PAF has been the topic of a number of research analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 153 price objective on shares of Pan African Resources in a research report on Friday, September 11th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 155 price target on shares of Pan African Resources in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 156.

Pan African Resources Price Performance

The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 19.51. The stock has a market capitalization of £2.47 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 8.95 and a beta of 0.70. The firm has a 50 day moving average price of GBX 111.66 and a 200 day moving average price of GBX 127.54.

About Pan African Resources