Premier African Minerals (LON:PREM) Stock Crosses Below 200-Day Moving Average of $0.21

Premier African Minerals Limited (LON:PREM)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 0.21 ($0.00) and traded as low as GBX 0.10 ($0.00). Premier African Minerals shares last traded at GBX 0.10 ($0.00), with a volume of 172,184,406 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “house stock” rating on shares of Premier African Minerals in a report on Wednesday, May 8th.

Premier African Minerals Stock Up 1.9 %

The company has a current ratio of 0.05, a quick ratio of 2.54 and a debt-to-equity ratio of 1.57. The company has a market cap of £32.95 million, a price-to-earnings ratio of 2.25 and a beta of 1.22. The business has a fifty day moving average price of GBX 0.15 and a two-hundred day moving average price of GBX 0.21.

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.