Premier African Minerals (LON:PREM) Shares Down 12.5% – Should You Sell?

Premier African Minerals Limited (LON:PREM) shares dropped 12.5% during mid-day trading on Wednesday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. Approximately 401,729,656 shares changed hands during trading, an increase of 65% from the average daily volume of 243,389,859 shares. The stock had previously closed at GBX 0.02.

Premier African Minerals Stock Down 12.5%

The company has a current ratio of 0.10, a quick ratio of 2.54 and a debt-to-equity ratio of 0.91. The company has a 50-day simple moving average of GBX 0.03 and a 200 day simple moving average of GBX 0.05. The company has a market cap of £2.92 million, a P/E ratio of -0.05 and a beta of 0.99.

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