Premier African Minerals (LON:PREM) Trading 3% Higher – Time to Buy?

Premier African Minerals Limited (LON:PREM)’s stock price was up 3% during mid-day trading on Monday . The company traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 95,933,164 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 250,414,078 shares. The stock had previously closed at GBX 0.03 ($0.00).

Wall Street Analyst Weigh In

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

Premier African Minerals Price Performance

The stock has a market capitalization of £11.31 million, a PE ratio of 2.25 and a beta of 0.99. The company’s 50 day simple moving average is GBX 0.04 and its 200 day simple moving average is GBX 0.08. The company has a current ratio of 0.13, a quick ratio of 2.54 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.