Pan African Resources PLC (OTCMKTS:PAFRF) Short Interest Down 79.0% in October

Pan African Resources PLC (OTCMKTS:PAFRF) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 21,800 shares, a decrease of 79.0% from the October 15th total of 103,600 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Pan African Resources Price Performance

PAFRF stock remained flat at $0.37 during trading on Wednesday. Pan African Resources has a 12-month low of $0.18 and a 12-month high of $0.41. The company’s 50 day moving average price is $0.37 and its 200 day moving average price is $0.35.

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.