Peel Hunt Reaffirms Buy Rating for Pan African Resources (PAF)

Peel Hunt restated their buy rating on shares of Pan African Resources (LON:PAF) in a research note issued to investors on Friday morning, ThisIsMoney.Co.Uk reports.

Separately, Numis Securities reiterated a buy rating on shares of Pan African Resources in a report on Wednesday, May 1st.

Shares of LON:PAF traded down GBX 0.14 ($0.00) during trading on Friday, reaching GBX 9.50 ($0.12). 122,197 shares of the stock were exchanged, compared to its average volume of 3,010,000. The company has a debt-to-equity ratio of 85.83, a quick ratio of 0.31 and a current ratio of 0.41. Pan African Resources has a 12-month low of GBX 6.50 ($0.08) and a 12-month high of GBX 11 ($0.14). The stock has a market capitalization of $183.19 million and a P/E ratio of -1.98.

Pan African Resources Company Profile

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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