Premier African Minerals (LON:PREM) Trading Down 27.8% – Should You Sell?

Premier African Minerals Limited (LON:PREM) shares traded down 27.8% during mid-day trading on Friday . The stock traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 451,232,406 shares traded hands during mid-day trading, an increase of 237% from the average session volume of 133,757,641 shares. The stock had previously closed at GBX 0.04 ($0.00).

Wall Street Analyst Weigh In

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 company has a market capitalization of £9.60 million, a price-to-earnings ratio of 2.25 and a beta of 0.99. The stock’s 50 day moving average price is GBX 0.04 and its 200 day moving average price is GBX 0.05. The company has a current ratio of 0.13, a quick ratio of 2.54 and a debt-to-equity ratio of 0.97.

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.