Premier African Minerals (LON:PREM) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Premier African Minerals Limited (LON:PREM)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.06 ($0.00) and traded as low as GBX 0.05 ($0.00). Premier African Minerals shares last traded at GBX 0.05 ($0.00), with a volume of 17,261,443 shares traded.

Wall Street Analyst Weigh In

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

Premier African Minerals Price Performance

The stock’s 50-day moving average price is GBX 0.04 and its 200 day moving average price is GBX 0.06. The company has a quick ratio of 2.54, a current ratio of 0.13 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of £16.80 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.