Premier African Minerals (LON:PREM) Trading Down 10% – Time to Sell?

Premier African Minerals Limited (LON:PREM) traded down 10% on Wednesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 196,941,172 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 192,879,266 shares. The stock had previously closed at GBX 0.02 ($0.00).

Premier African Minerals Stock Down 15.0 %

The company has a market cap of £8.76 million, a PE ratio of -0.27 and a beta of 0.99. The business has a 50-day simple moving average of GBX 0.04 and a 200-day simple moving average of GBX 0.04. The company has a quick ratio of 2.54, a current ratio of 0.13 and a debt-to-equity ratio of 0.56.

Premier African Minerals Company Profile

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.