Pan African Resources (OTCMKTS:PAFRF) Trading Up 5.5% – Still a Buy?

Shares of Pan African Resources PLC (OTCMKTS:PAFRFGet Free Report) shot up 5.5% during mid-day trading on Tuesday . The company traded as high as $1.16 and last traded at $1.16. 250 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 3,368 shares. The stock had previously closed at $1.10.

Pan African Resources Price Performance

The stock has a 50 day moving average of $1.09 and a 200-day moving average of $0.80.

Pan African Resources Company Profile

(Get Free Report)

Pan African Resources PLC engages in the mining, extraction, production, and sale of gold in South Africa. The company’s flagship projects include the Barberton Mines that consists of three underground mines, including Fairview, Sheba, and Consort located in the Barberton Greenstone Belt; and Elikhulu tailings retreatment plant in Southern Africa.

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