Premier African Minerals (LON:PREM) Stock Crosses Below 200 Day Moving Average – Here’s Why

Premier African Minerals Limited (LON:PREMGet Free Report)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 0.05 and traded as low as GBX 0.03. Premier African Minerals shares last traded at GBX 0.03, with a volume of 82,758,813 shares changing hands.

Premier African Minerals Price Performance

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 has a market capitalization of £2.81 million, a P/E ratio of -0.07 and a beta of 0.99. The stock’s fifty day moving average is GBX 0.04 and its 200-day moving average is GBX 0.05.

Premier African Minerals Company Profile

(Get Free Report)

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.

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