Premier African Minerals (LON:PREM) Shares Down 12.5% – What’s Next?

Premier African Minerals Limited (LON:PREM) shares were down 12.5% on Monday . The stock traded as low as GBX 0.01 and last traded at GBX 0.01. Approximately 282,247,563 shares traded hands during trading, a decline of 7% from the average session volume of 303,529,813 shares. The stock had previously closed at GBX 0.01.

Premier African Minerals Stock Performance

The company has a market capitalization of £3.23 million, a price-to-earnings ratio of -0.26 and a beta of 0.99. The company has a quick ratio of 2.54, a current ratio of 0.04 and a debt-to-equity ratio of 1.23. The stock has a 50 day simple moving average of GBX 0.01 and a 200 day simple moving average of GBX 0.02.

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.