Premier African Minerals (LON:PREM) Stock Price Down 16% – Here’s What Happened

Premier African Minerals Limited (LON:PREM)’s stock price was down 16% during mid-day trading on Thursday . The stock traded as low as GBX 0.02 and last traded at GBX 0.02. Approximately 882,815,688 shares changed hands during trading, an increase of 191% from the average daily volume of 302,898,563 shares. The stock had previously closed at GBX 0.03.

Premier African Minerals Trading Down 12.0%

The firm has a 50-day simple moving average of GBX 0.02 and a 200-day simple moving average of GBX 0.03. The company has a quick ratio of 2.54, a current ratio of 0.10 and a debt-to-equity ratio of 0.91. The stock has a market cap of £5.58 million, a PE ratio of -0.05 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. The company was formerly known as G&B African Resources Limited and changed its name to Premier African Minerals Limited in April 2012.