Pan African Resources (LON:PAF) Given Buy Rating at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Pan African Resources (LON:PAF) in a research report sent to investors on Thursday morning, ThisIsMoney.Co.Uk reports.

Separately, Peel Hunt reaffirmed a buy rating and issued a GBX 16 ($0.21) price target on shares of Pan African Resources in a report on Friday, January 24th.

PAF remained flat at $GBX 12.60 ($0.17) on Thursday. The company had a trading volume of 527,221 shares, compared to its average volume of 3,010,000. The business has a fifty day simple moving average of GBX 11.98 and a 200 day simple moving average of GBX 11.80. The company has a quick ratio of 0.37, a current ratio of 0.47 and a debt-to-equity ratio of 72.86. The company has a market capitalization of $242.97 million and a P/E ratio of 6.30. Pan African Resources has a 52-week low of GBX 8.50 ($0.11) and a 52-week high of GBX 14.70 ($0.19).

About Pan African Resources

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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