Premier African Minerals (LON:PREM) Hits New 12-Month Low – Here’s Why

Premier African Minerals Limited (LON:PREM)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.03 ($0.00), with a volume of 617330625 shares. The stock had previously closed at GBX 0.03 ($0.00).

Analyst Ratings Changes

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

Premier African Minerals Trading Down 3.8 %

The firm has a market capitalization of £8.57 million, a price-to-earnings ratio of 2.25 and a beta of 0.99. 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’s 50 day moving average is GBX 0.04 and its 200 day moving average is GBX 0.05.

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.