Pan African Resources (OTCMKTS:PAFRF) Trading Up 1.3% – Time to Buy?

Pan African Resources PLC (OTCMKTS:PAFRF) was up 1.3% on Tuesday . The company traded as high as $1.63 and last traded at $1.61. Approximately 3,000 shares changed hands during mid-day trading, an increase of 91% from the average daily volume of 1,567 shares. The stock had previously closed at $1.59.

Pan African Resources Stock Performance

The firm has a 50 day moving average of $1.33 and a 200-day moving average of $1.01.

Pan African Resources Company Profile

Pan African Resources is a South Africa–focused gold mining and exploration company with diversified operations in the country’s prolific Witwatersrand and Barberton mining districts. The company’s core business activities include the extraction, processing and sale of gold from both conventional hard rock mines and retreatment of tailings. Through its flagship Evander Gold Mines and Barberton Mines operations, Pan African produces saleable gold doré bars while continuously investing in exploration and development projects to extend mine life and enhance production efficiency.

In addition to conventional mining, Pan African Resources operates a significant tailings retreatment plant at the Elikhulu Complex, which recovers gold from historic waste material and contributes to both sustainable resource utilization and environmental rehabilitation.