Premier African Minerals (LON:PREM) Shares Down 6.5% – Should You Sell?

Shares of Premier African Minerals Limited (LON:PREM) traded down 6.5% during mid-day trading on Monday . The company traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 324,244,094 shares were traded during trading, an increase of 2% from the average session volume of 317,714,500 shares. The stock had previously closed at GBX 0.03 ($0.00).

Premier African Minerals Stock Performance

The stock’s 50-day moving average is GBX 0.03 and its 200-day moving average is GBX 0.03. The firm has a market capitalization of £14.94 million, a price-to-earnings ratio of -0.46 and a beta of 0.99. The company has a current ratio of 0.13, a quick ratio of 2.54 and a debt-to-equity ratio of 0.56.

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.