Premier African Minerals (LON:PREM) Shares Down 5.3% – Should You Sell?

Premier African Minerals Limited (LON:PREM) was down 5.3% on Tuesday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 142,830,719 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 211,081,109 shares. The stock had previously closed at GBX 0.02 ($0.00).

Premier African Minerals Stock Performance

The company’s 50-day moving average price is GBX 0.03 and its two-hundred day moving average price is GBX 0.04. The company has a market cap of £8.76 million, a P/E ratio of -0.27 and a beta of 0.99. The company has a current ratio of 0.13, a quick ratio of 2.54 and a debt-to-equity ratio of 0.56.

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.