Shares of Premier African Minerals Limited (LON:PREM – Get Free Report) dropped 9.5% on Wednesday . The company traded as low as GBX 0.04 and last traded at GBX 0.04. Approximately 238,177,547 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 452,627,625 shares. The stock had previously closed at GBX 0.04.
Premier African Minerals Stock Performance
The company has a market cap of £3.56 million, a price-to-earnings ratio of -0.09 and a beta of 0.99. The firm’s 50 day simple moving average is GBX 0.06 and its 200-day simple moving average is GBX 0.05. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.54 and a current ratio of 0.13.
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.
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