PAN - Pan African Resource plc

Jun 2, 2023 at 14:57 Twitter · Facebook

PAN share price on Johannesburg Stock Exchange

Pan African Resources is a mid-tier African-focused gold producer with a production capacity in excess of 170 000oz of gold per annum. The Company’s strategic focus is on the exploitation of high-grade ore bodies that yield high margins with a relatively low cost base. Pan African Resources has successfully grown profitable gold production in recent years via organic and acquisitive growth.

Pan African Resources’ gold mining operations produce gold from underground operations and from surface tailings. The group is one of the lowest cash-cost producers of gold in Southern Africa. The Company has a strong balance sheet as well as a long track record of providing a cash return to shareholders through an attractive annual dividend.

Pan African Resources PLC is a precious metals producer based in the United Kingdom. It operates metal mines in South Africa and derives revenue principally through the mining, extraction, and sale of gold. The company...

Pan African Resource plc is listed on the Johannesburg Stock Exchange (JSE). Pan African Resource is traded on the JSE under the ticker symbol “PAN”. The International Securities Identification Number (ISIN) of JSE:PAN is GB0004300496. Pan African Resource plc is currently the 115th most valuable stock on the JSE with a market capitalization of ZAR 7.76 billion, which is about 0.041% of the Johannesburg Stock Exchange equity market.

PAN Stock Market Performance

The current share price of Pan African Resource plc (PAN) is ZAR 3.48. PAN closed its last trading day (Thursday, June 1, 2023) at 3.49 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 3.9% gain over its previous closing price of 3.36 ZAR. Pan African Resource began the year with a share price of 3.35 ZAR and has since gained 4.18% on that price valuation, ranking it 142nd on the JSE in terms of year-to-date performance. Investors should, however, take caution of PAN’s recent poor performance, having lost 27% of its value in the past four weeks.

Pan African Resource is the 21st most traded stock on the Johannesburg Stock Exchange over the past three months (Feb 28 - Jun 1, 2023). PAN has traded a total volume of 237 million shares—in 41,861 deals—valued at ZAR 901 million over the period, with an average of 3.76 million traded shares per session. A volume high of 17.1 million was achieved on May 26th, and a low of 349,671 on March 6th, for the same period. The table below details the last 10 trading days of activity of Pan African Resource on the Johannesburg Stock Exchange.

Profile of Pan African Resources PLC

Pan African Resources PLC operates in the Basic Materials sector, specifically, the Mining industry.

PAN Industrial Market Competitors

Pan African Resources PLC, issuers of the PAN stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Basic Materials sector and/or Mining industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange