Premier African Minerals (LON:PREM) Stock Passes Below 200-Day Moving Average – Should You Sell?

Premier African Minerals Limited (LON:PREM)’s stock 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.

Analyst Ratings Changes

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

Premier African Minerals Trading Up 2.7 %

The company’s 50-day moving average is GBX 0.04 and its 200-day moving average is GBX 0.05. 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 has a market cap of £13.03 million, a price-to-earnings ratio of 2.25 and a beta of 0.99.

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.