Premier African Minerals (LON:PREM) Shares Up 12.9% – Should You Buy?

Premier African Minerals Limited (LON:PREM)’s stock price shot up 12.9% during mid-day trading on Monday . The stock traded as high as GBX 0.04 and last traded at GBX 0.04. 24,887,949 shares changed hands during trading, a decline of 47% from the average session volume of 47,013,672 shares. The stock had previously closed at GBX 0.03.

Premier African Minerals Stock Performance

The firm has a market capitalization of £3.27 million, a PE ratio of -0.08 and a beta of 0.99. The company has a quick ratio of 2.54, a current ratio of 0.13 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average of GBX 0.09 and a 200 day moving average of GBX 0.05.

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.