Premier African Minerals (LON:PREM) Shares Down 13.8% – Time to Sell?

Premier African Minerals Limited (LON:PREM)’s stock price traded down 13.8% during trading on Friday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.03 ($0.00). 733,752,938 shares traded hands during trading, an increase of 110% from the average session volume of 349,614,625 shares. The stock had previously closed at GBX 0.03 ($0.00).

Premier African Minerals Trading Down 20.7%

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 firm has a 50-day moving average price of GBX 0.02 and a 200-day moving average price of GBX 0.02. The company has a market capitalization of £11.85 million, a price-to-earnings ratio of -0.37 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.