Premier African Minerals (LON:PREM) Shares Down 16% – Time to Sell?

Premier African Minerals Limited (LON:PREMGet Free Report)’s share price dropped 16% during trading on Friday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 994,583,250 shares changed hands during mid-day trading, an increase of 328% from the average daily volume of 232,561,109 shares. The stock had previously closed at GBX 0.03 ($0.00).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Premier African Minerals in a research note on Wednesday, October 16th.

View Our Latest Research Report on PREM

Premier African Minerals Stock Down 16.0 %

The firm has a market cap of £7.20 million, a price-to-earnings ratio of 2.25 and a beta of 0.99. The business’s 50 day moving average price is GBX 0.04 and its 200 day moving average price is GBX 0.05. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.54 and a current ratio of 0.13.

About Premier African Minerals

(Get Free Report)

Premier African Minerals Limited, together with its subsidiaries, engages in the mining, exploration, evaluation, development, and investment of natural resource properties on the African continent. It explores for tungsten, lithium, tantalum, fluorspar, potash, and gold deposits. The company holds interests in RHA Tungsten mine, Katete REE project, zulu project, and Tinde projects in Zimbabwe, as well as properties in Mozambique.

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