Premier African Minerals (LON:PREM) Shares Down 15.3% – Should You Sell?

Premier African Minerals Limited (LON:PREM) shares were down 15.3% during trading on Thursday . The company traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.05 ($0.00). Approximately 310,404,063 shares traded hands during trading, an increase of 20% from the average daily volume of 257,819,438 shares. The stock had previously closed at GBX 0.06 ($0.00).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Premier African Minerals in a research note on Wednesday, October 16th.

Premier African Minerals Price Performance

The company has a current ratio of 0.13, a quick ratio of 2.54 and a debt-to-equity ratio of 0.97. The firm has a 50-day moving average of GBX 0.04 and a 200 day moving average of GBX 0.07. The stock has a market capitalization of £18.00 million, a price-to-earnings ratio of 2.25 and a beta of 0.99.

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.