Premier African Minerals (LON:PREM) Shares Down 9.3% – Time to Sell?

Premier African Minerals Limited (LON:PREM)’s stock price fell 9.3% during mid-day trading on Thursday . The company traded as low as GBX 0.06 and last traded at GBX 0.07. 67,403,414 shares changed hands during mid-day trading, an increase of 59% from the average session volume of 42,469,117 shares. The stock had previously closed at GBX 0.08.

Premier African Minerals Price Performance

The company has a market capitalization of £5.52 million, a price-to-earnings ratio of -0.15 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 0.56. The company’s 50 day simple moving average is GBX 0.08 and its 200-day simple moving average is GBX 0.04.

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.