Premier African Minerals (LON:PREM) Trading Down 17.4% – Here’s Why

Shares of Premier African Minerals Limited (LON:PREM) traded down 17.4% on Wednesday . The stock traded as low as GBX 0.02 and last traded at GBX 0.02. 1,208,856,625 shares changed hands during trading, an increase of 294% from the average session volume of 306,525,563 shares. The stock had previously closed at GBX 0.02.

Premier African Minerals Stock Performance

The firm has a 50-day moving average of GBX 0.02 and a two-hundred day moving average of GBX 0.04. The company has a quick ratio of 2.54, a current ratio of 0.10 and a debt-to-equity ratio of 0.91. The company has a market capitalization of £5.07 million, a PE ratio of -0.05 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. The company was formerly known as G&B African Resources Limited and changed its name to Premier African Minerals Limited in April 2012.