Premier African Minerals (LON:PREM) Trading Down 12.9% – Here’s Why

Premier African Minerals Limited (LON:PREM)’s stock price dropped 12.9% during trading on Thursday . The company traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 639,034,313 shares traded hands during mid-day trading, an increase of 165% from the average daily volume of 240,906,406 shares. The stock had previously closed at GBX 0.03 ($0.00).

Premier African Minerals Price Performance

The company’s 50 day simple moving average is GBX 0.02 and its two-hundred day simple moving average is GBX 0.03. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.13 and a quick ratio of 2.54. The stock has a market capitalization of £14.42 million, a P/E ratio of -0.45 and a beta of 0.99.

About Premier African Minerals

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.