Premier African Minerals (LON:PREM) Shares Down 15.4% – Here’s Why

Premier African Minerals Limited (LON:PREM) was down 15.4% during mid-day trading on Friday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 581,914,875 shares traded hands during mid-day trading, an increase of 64% from the average daily volume of 354,744,781 shares. The stock had previously closed at GBX 0.03 ($0.00).

Premier African Minerals Stock Down 15.4%

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 company has a market capitalization of £11.33 million, a price-to-earnings ratio of -0.35 and a beta of 0.99. The stock’s fifty day moving average price is GBX 0.02 and its 200-day moving average price is GBX 0.02.

Premier African Minerals Company Profile

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.