Premier African Minerals (LON:PREM) Shares Down 17.6% – Time to Sell?

Premier African Minerals Limited (LON:PREM) fell 17.6% on Thursday . The company traded as low as GBX 0.01 and last traded at GBX 0.01. 675,271,500 shares traded hands during mid-day trading, an increase of 166% from the average session volume of 253,562,031 shares. The stock had previously closed at GBX 0.02.

Premier African Minerals Price Performance

The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.54 and a current ratio of 0.10. The company’s 50 day moving average price is GBX 0.03 and its 200-day moving average price is GBX 0.05. The company has a market cap of £1.95 million, a price-to-earnings ratio of -0.03 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.