Premier African Minerals (LON:PREM) Trading Down 16% – Here’s What Happened

Premier African Minerals Limited (LON:PREM) traded down 16% during trading on Friday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 994,583,250 shares traded hands during mid-day trading, an increase of 328% from the average session volume of 232,561,109 shares. The stock had previously closed at GBX 0.03 ($0.00).

Analyst Ratings Changes

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 Up 4.0 %

The firm has a market cap of £8.91 million, a P/E ratio of 2.25 and a beta of 0.99. The firm’s 50 day moving average is GBX 0.04 and its two-hundred day moving average 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.

Premier African Minerals Company Profile

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.