Premier African Minerals (LON:PREM) Shares Up 5.9% – Here’s What Happened

Shares of Premier African Minerals Limited (LON:PREM) were up 5.9% on Thursday . The stock traded as high as GBX 0.02 and last traded at GBX 0.02. Approximately 1,932,366,625 shares traded hands during mid-day trading, an increase of 557% from the average daily volume of 293,945,531 shares. The stock had previously closed at GBX 0.02.

Premier African Minerals Stock Up 5.9%

The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.54 and a current ratio of 0.10. The firm’s 50-day moving average is GBX 0.02 and its two-hundred day moving average is GBX 0.05. The stock has a market cap of £2.50 million, a P/E ratio of -0.04 and a beta of 0.99.

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.