Premier African Minerals (LON:PREM) Sets New 52-Week Low – Should You Sell?

Premier African Minerals Limited (LON:PREM)’s stock price reached a new 52-week low on Tuesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00), with a volume of 380559250 shares trading hands. The stock had previously closed at GBX 0.02 ($0.00).

Wall Street Analysts Forecast Growth

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

Premier African Minerals Price Performance

The company has a market capitalization of £7.20 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 current ratio of 0.13 and a quick ratio of 2.54. The firm has a 50-day moving average of GBX 0.04 and a 200 day moving average of GBX 0.05.

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.