Premier African Minerals (LON:PREM) Trading Down 9.5% – Here’s Why

Premier African Minerals Limited (LON:PREM) was down 9.5% during trading on Thursday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 144,660,250 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 218,130,922 shares. The stock had previously closed at GBX 0.02 ($0.00).

Premier African Minerals Price Performance

The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.54 and a current ratio of 0.13. The stock’s 50-day moving average is GBX 0.03 and its 200 day moving average is GBX 0.04. The stock has a market capitalization of £9.27 million, a PE ratio of -0.29 and a beta of 0.99.

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.