Premier African Minerals (LON:PREM) Reaches New 12-Month Low – Here’s Why

Premier African Minerals Limited (LON:PREM)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.03 ($0.00), with a volume of 617330625 shares trading hands. The stock had previously closed at GBX 0.03 ($0.00).

Analysts Set New Price Targets

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 Stock Performance

The stock has a market cap of £9.26 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 quick ratio of 2.54 and a current ratio of 0.13. The firm’s 50-day moving average is GBX 0.04 and its 200 day moving average is 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.