Premier African Minerals (LON:PREM) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Premier African Minerals Limited (LON:PREM) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 0.06 ($0.00) and traded as low as GBX 0.04 ($0.00). Premier African Minerals shares last traded at GBX 0.04 ($0.00), with a volume of 90,048,516 shares changing hands.

Analyst Ratings Changes

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

Premier African Minerals Stock Performance

The company has a debt-to-equity ratio of 0.97, a current ratio of 0.13 and a quick ratio of 2.54. The business has a 50 day moving average price of GBX 0.04 and a 200 day moving average price of GBX 0.06. The stock has a market capitalization of £14.40 million, a PE ratio of 2.25 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.