Premier African Minerals (LON:PREM) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Premier African Minerals Limited (LON:PREM)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.05 ($0.00) and traded as low as GBX 0.02 ($0.00). Premier African Minerals shares last traded at GBX 0.03 ($0.00), with a volume of 172,478,047 shares changing hands.

Analysts Set New Price Targets

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

Premier African Minerals Price Performance

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 company’s 50-day moving average price is GBX 0.04 and its two-hundred day moving average price is GBX 0.05. The company has a market cap of £8.91 million, a P/E 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.