Premier African Minerals (LON:PREM) Shares Up 10% – Still a Buy?

Shares of Premier African Minerals Limited (LON:PREM) were up 10% during mid-day trading on Tuesday . The stock traded as high as GBX 0.02 and last traded at GBX 0.02. Approximately 1,759,557,750 shares changed hands during trading, an increase of 457% from the average daily volume of 316,081,938 shares. The stock had previously closed at GBX 0.02.

Premier African Minerals Trading Up 10.0%

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 firm has a market cap of £8.65 million, a price-to-earnings ratio of -0.05 and a beta of 0.99. The business’s 50 day moving average price is GBX 0.02 and its 200-day moving average price is GBX 0.03.

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.