Premier African Minerals (LON:PREM) Trading 3% Higher – What’s Next?

Premier African Minerals Limited (LON:PREM) shot up 3% during trading on Monday . The stock traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 95,933,164 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 250,414,078 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 research note on Wednesday, October 16th.

Premier African Minerals Trading Up 3.0 %

The company’s fifty day moving average is GBX 0.04 and its two-hundred day moving average is GBX 0.08. The stock has a market cap of £11.66 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.

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.