Premier African Minerals (LON:PREM) Shares Down 7.7% – What’s Next?

Premier African Minerals Limited (LON:PREM) was down 7.7% on Wednesday . The company traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). Approximately 382,472,721 shares changed hands during trading, an increase of 47% from the average daily volume of 259,855,016 shares. The stock had previously closed at GBX 0.05 ($0.00).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Premier African Minerals in a report on Wednesday.

Premier African Minerals Price Performance

The firm has a market capitalization of £16.45 million, a price-to-earnings ratio of 2.25 and a beta of 0.99. The company has a current ratio of 0.13, a quick ratio of 2.54 and a debt-to-equity ratio of 0.97. The firm has a fifty day moving average price of GBX 0.05 and a 200 day moving average price of GBX 0.11.

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.