Pan African Resources PLC (OTCMKTS:PAFRF) Sees Large Decline in Short Interest

Pan African Resources PLC (OTCMKTS:PAFRF) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 600 shares, a decline of 99.8% from the February 28th total of 311,400 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Pan African Resources Stock Up 1.0 %

Shares of OTCMKTS PAFRF opened at $0.54 on Thursday. The firm’s 50 day simple moving average is $0.44 and its 200-day simple moving average is $0.40. Pan African Resources has a 12 month low of $0.41 and a 12 month high of $0.56.

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.