Premier African Minerals (LON:PREM) Stock Price Down 10.5% – Time to Sell?

Shares of Premier African Minerals Limited (LON:PREMGet Free Report) dropped 10.5% during trading on Tuesday . The stock traded as low as GBX 0.02 and last traded at GBX 0.02. Approximately 942,371,938 shares changed hands during trading, an increase of 211% from the average daily volume of 303,123,313 shares. The stock had previously closed at GBX 0.02.

Premier African Minerals Price Performance

The stock’s 50 day moving average price is GBX 0.02 and its two-hundred day moving average price is GBX 0.02. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.04 and a quick ratio of 2.54. The firm has a market capitalization of £6.93 million, a price-to-earnings ratio of -0.04 and a beta of 0.99.

About Premier African Minerals

(Get Free Report)

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.

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