Premier African Minerals (LON:PREM) Trading Down 14.8% – Here’s Why

Shares of Premier African Minerals Limited (LON:PREM) were down 14.8% during trading on Monday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. Approximately 121,398,805 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 251,863,344 shares. The stock had previously closed at GBX 0.03.

Premier African Minerals Trading Down 14.8%

The company has a debt-to-equity ratio of 0.56, a current ratio of 0.13 and a quick ratio of 2.54. The stock’s 50-day moving average is GBX 0.03 and its two-hundred day moving average is GBX 0.05. The company has a market cap of £3.06 million, a P/E ratio of -0.05 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.