Premier African Minerals (LON:PREM) Reaches New 52-Week Low at $0.05

Shares of Premier African Minerals Limited (LON:PREM) hit a new 52-week low on Monday . The stock traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.06 ($0.00), with a volume of 71893844 shares traded. The stock had previously closed at GBX 0.06 ($0.00).

Analysts Set New Price Targets

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

Premier African Minerals Price Performance

The firm has a market capitalization of £18.04 million, a price-to-earnings ratio of 2.25 and a beta of 1.22. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.05 and a quick ratio of 2.54. The stock has a fifty day moving average of GBX 0.09 and a two-hundred day moving average of GBX 0.18.

About Premier African Minerals

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.