Although some penny stocks are ‘smaller’ companies that can be riskier than FTSE 100 giants, they can also achieve greater growth. Pan African Resources (LSE: PAF) is a penny stock that I am particularly attracted to. Indeed, the gold-miner has performed strongly these past few years, delivering consistent profits and growth. As such, I added the stock to my portfolio a few weeks ago. Here are the main reasons why.Strong trading updateUnfortunately, the company’s last trading release only covered the year ending 30 June 2020, and a trading update for this year has not yet been issued. Nonetheless, those last results were still affected by the pandemic, and they were impressive, I feel.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…For example, the company generated profits of $44.3m, an increase of 16.6% from the year before. Net debt was also reduced by over 40%. Compared to other penny stocks, this gives me hope that Pan African Resources is not overly risky, being both financially stable and generating strong profits.There was also increased gold production to nearly 180,000 ounces, and this is expected to increase to 195,000 ounces for the current financial year. Therefore, I believe that profits can rise this year, thanks to this increased production.Nonetheless, it must be mentioned that profits are heavily dependent on the price of gold. After booming last year, the gold price has looked shakier recently, falling significantly from its highs last August. This is a risk that must be considered. You see, when the price of gold falls, it often has an adverse effect on the Pan African Resources share price. And it is a risk completely outside of the company’s control.DividendAnother reason why I bought this penny stock was its dividend. Firstly, it has a yield of around 3.6%. Although this is not extraordinary, it is still fairly large and gives a compelling reason to invest.The company’s dividend policy is also prudent, and this demonstrates good management, I feel. For instance, it aims to pay out 40% of net cash generated from operating activities, and this allows the company money to reinvest into its operations. There is an expectation that this dividend will be able to increase over the next few years. I always look for a company that pays a fairly large dividend, while also reinvesting in itself, and PAF ticks both of these boxes.Why is this penny stock such a bargain?It has already been established that PAF has performed well in the past and has good prospects. At its current price of around 19p, it also trades at a price-to-earnings ratio of around 13. Although this cannot be used alone to show that PAF is a bargain, it still demonstrates a very reasonable price, especially in comparison to other miners.Further, there has also been significant insider buying recently from the CEO, Jacobus Albertus Loots. Indeed, Loots bought around £6.8m worth of stock, to further increase his stake in the company. This shows optimism from management, and Loots clearly feels that the share price is too cheap. I share this optimism in this penny stock and believe that it is a bargain at its current price. 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FREE REPORT: Why this £5 stock could be set to surge See all posts by Stuart Blair I think this penny stock is an absolute bargain Stuart Blair | Tuesday, 15th June, 2021 | More on: PAF Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address Get the full details on this £5 stock now – while your report is free. Stuart Blair owns shares in Pan African Resources. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. 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Ocean City Mayor Harry Headley (left) presents the national rowing championship trophy to Bob Stretch (second from the left) and Bert Loeper 80 years ago on July 26, 1934. OCBP Captain Jack G. Jernee looks on.Two years ago, OCBP’s Joe Schmitt (left) and former North Wildwood Beach Patrol lifeguard Jack Devine won the national championship in the doubles rowing race in the 70-and-over bracket.Jack Devine, a 32-year veteran agent with the Central Intelligence Agency, Ocean City resident and author of the recently published memoir “Good Hunting: An American Spymaster’s Story,” will be the guest speaker at the Ocean City Historical Museum’s 51st annual luncheon at noon, Wednesday, September 17, at the historic Flanders Hotel. For more information, call the museum 609-399-1801.— A weekly feature from Ocean City Beach Patrol historian Fred Miller
Holt (left) was appointed as Chief Deputy by Ripley County Sheriff Rodney Stratton.A veteran police officer has been promoted at the Ripley County Sheriff’s Office.Lieutenant Randy Holt has been assigned as Chief Deputy. The position is appointed by the sheriff and holds the rank of Major. Holt now becomes second in command at the department led by interim Sheriff Rodney Stratton.Holt is an 18-year veteran of the Sheriff’s Office and a lifelong resident of Ripley County. He graduated from the Indiana Law Enforcement Academy in 1994.Both Holt and Stratton have a combined 54 years of law enforcement experience.