Premier African Minerals (LON:PREM) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Premier African Minerals Limited (LON:PREM)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.05 ($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 136,745,125 shares changing hands.

Wall Street Analysts Forecast Growth

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

Premier African Minerals Stock Performance

The stock has a market capitalization of £9.60 million, a P/E ratio of 2.25 and a beta of 0.99. The company has a quick ratio of 2.54, a current ratio of 0.13 and a debt-to-equity ratio of 0.97. The firm has a 50-day moving average of GBX 0.04 and a 200 day moving average of GBX 0.05.

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.