Premier African Minerals (LON:PREM) Shares Down 16% – Time to Sell?

Premier African Minerals Limited (LON:PREM) shares fell 16% on Friday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 994,583,250 shares changed hands during mid-day trading, an increase of 328% from the average session volume of 232,561,109 shares. The stock had previously closed at GBX 0.03 ($0.00).

Wall Street Analysts Forecast Growth

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 Trading Up 4.0 %

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’s 50-day moving average is GBX 0.04 and its two-hundred day moving average is GBX 0.05. The firm has a market cap of £8.91 million, a P/E ratio of 2.25 and a beta of 0.99.

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.