Premier African Minerals (LON:PREM) Shares Down 27.8% – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Premier African Minerals Stock Performance

The stock has a market cap of £9.60 million, a PE ratio of 2.25 and a beta of 0.99. The firm has a 50 day moving average of GBX 0.04 and a two-hundred day moving average of GBX 0.05. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.13 and a quick ratio of 2.54.

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.