Premier African Minerals (LON:PREM) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Premier African Minerals Limited (LON:PREM)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.06 ($0.00) and traded as low as GBX 0.04 ($0.00). Premier African Minerals shares last traded at GBX 0.04 ($0.00), with a volume of 90,048,516 shares traded.

Analyst Upgrades and Downgrades

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

Premier African Minerals Stock Down 4.5 %

The company’s 50-day simple moving average is GBX 0.04 and its two-hundred day simple moving average is GBX 0.06. The firm has a market cap of £14.40 million, a PE ratio of 2.25 and a beta of 0.99. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.54 and a current ratio of 0.13.

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.