Premier African Minerals (LON:PREM) Stock Price Down 9.3%

Premier African Minerals Limited (LON:PREM) shares dropped 9.3% on Thursday . The company traded as low as GBX 0.07 ($0.00) and last traded at GBX 0.07 ($0.00). Approximately 350,736,344 shares changed hands during mid-day trading, an increase of 34% from the average daily volume of 262,294,594 shares. The stock had previously closed at GBX 0.08 ($0.00).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “house stock” rating on shares of Premier African Minerals in a report on Wednesday, May 8th.

Premier African Minerals Trading Down 9.3 %

The company has a market cap of £21.34 million, a PE ratio of 2.25 and a beta of 1.22. The stock’s 50 day moving average is GBX 0.11 and its 200-day moving average is GBX 0.19. The company has a quick ratio of 2.54, a current ratio of 0.05 and a debt-to-equity ratio of 1.57.

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.