Premier African Minerals (LON:PREM) Stock Price Down 11.1% – Time to Sell?

Premier African Minerals Limited (LON:PREM) traded down 11.1% during mid-day trading on Tuesday . The company traded as low as GBX 0.01 and last traded at GBX 0.02. 1,302,934,000 shares traded hands during trading, an increase of 350% from the average session volume of 289,499,500 shares. The stock had previously closed at GBX 0.02.

Premier African Minerals Stock Down 11.1%

The stock has a 50-day moving average of GBX 0.02 and a two-hundred day moving average of GBX 0.05. The company has a market cap of £2.23 million, a P/E ratio of -0.04 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.54 and a current ratio of 0.10.

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. The company was formerly known as G&B African Resources Limited and changed its name to Premier African Minerals Limited in April 2012.