Premier African Minerals (LON:PREM) Stock Price Down 17.6% – Here’s What Happened

Premier African Minerals Limited (LON:PREM)’s share price was down 17.6% during mid-day trading on Thursday . The stock traded as low as GBX 0.01 and last traded at GBX 0.01. Approximately 675,271,500 shares traded hands during mid-day trading, an increase of 166% from the average daily volume of 253,562,031 shares. The stock had previously closed at GBX 0.02.

Premier African Minerals Stock Down 17.6%

The firm has a market cap of £1.95 million, a price-to-earnings ratio of -0.03 and a beta of 0.99. The stock’s 50 day moving average is GBX 0.03 and its 200 day moving average is GBX 0.05. The company has a quick ratio of 2.54, a current ratio of 0.10 and a debt-to-equity ratio of 0.91.

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. The company was formerly known as G&B African Resources Limited and changed its name to Premier African Minerals Limited in April 2012.