Pan African Resources PLC (OTCMKTS:PAFRF) Sees Significant Growth in Short Interest

Pan African Resources PLC (OTCMKTS:PAFRF) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 300 shares, a growth of 50.0% from the August 15th total of 200 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is presently 0.5 days.

Pan African Resources Price Performance

OTCMKTS PAFRF remained flat at $0.37 during trading hours on Monday. The stock’s 50 day simple moving average is $0.37 and its two-hundred day simple moving average is $0.32. Pan African Resources has a 12 month low of $0.18 and a 12 month high of $0.41.

Pan African Resources Company Profile

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.