Premier African Minerals (LON:PREM) Trading Down 10.8% – Here’s Why

Shares of Premier African Minerals Limited (LON:PREM) dropped 10.8% on Wednesday . The company traded as low as GBX 0.03 and last traded at GBX 0.03. Approximately 127,991,625 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 233,501,016 shares. The stock had previously closed at GBX 0.04.

Premier African Minerals Trading Up 5.7%

The company has a quick ratio of 2.54, a current ratio of 0.13 and a debt-to-equity ratio of 0.56. The firm’s fifty day moving average is GBX 0.05 and its two-hundred day moving average is GBX 0.05. The firm has a market cap of £3.46 million, a P/E ratio of -0.09 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. The company was formerly known as G&B African Resources Limited and changed its name to Premier African Minerals Limited in April 2012.