Premier African Minerals (LON:PREM) Trading 10% Higher – Here’s What Happened

Shares of Premier African Minerals Limited (LON:PREM) traded up 10% on Tuesday . The stock traded as high as GBX 0.02 and last traded at GBX 0.02. 1,759,557,750 shares changed hands during trading, an increase of 457% from the average session volume of 316,081,938 shares. The stock had previously closed at GBX 0.02.

Premier African Minerals Trading Up 10.0%

The business’s 50-day simple moving average is GBX 0.02 and its two-hundred day simple moving average is GBX 0.03. The stock has a market capitalization of £8.65 million, a price-to-earnings ratio of -0.05 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.10 and a quick ratio of 2.54.

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