Premier African Minerals (LON:PREM) Sets New 52-Week Low – What’s Next?

Premier African Minerals Limited (LON:PREM)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 0.01 and last traded at GBX 0.01, with a volume of 791065875 shares trading hands. The stock had previously closed at GBX 0.01.

Premier African Minerals Stock Performance

The firm has a market capitalization of £3.23 million, a P/E ratio of -0.26 and a beta of 0.99. The company’s 50 day moving average is GBX 0.01 and its 200-day moving average is GBX 0.02. The company has a quick ratio of 2.54, a current ratio of 0.04 and a debt-to-equity ratio of 1.23.

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.