Premier African Minerals (LON:PREM) Stock Price Down 16% – Here’s What Happened

Shares of Premier African Minerals Limited (LON:PREM) traded down 16% during mid-day trading on Thursday . The company traded as low as GBX 0.02 and last traded at GBX 0.02. 882,815,688 shares traded hands during mid-day trading, an increase of 191% from the average session volume of 302,898,563 shares. The stock had previously closed at GBX 0.03.

Premier African Minerals Stock Down 12.0%

The company has a quick ratio of 2.54, a current ratio of 0.10 and a debt-to-equity ratio of 0.91. The company has a market cap of £5.58 million, a PE ratio of -0.05 and a beta of 0.99. The stock has a 50-day moving average of GBX 0.02 and a 200-day moving average of GBX 0.03.

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.