Premier African Minerals (LON:PREM) Trading Down 6.3% – Time to Sell?

Shares of Premier African Minerals Limited (LON:PREM) traded down 6.3% during trading on Wednesday . The company traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.02 ($0.00). 2,147,000,000 shares changed hands during trading, an increase of 694% from the average session volume of 270,525,813 shares. The stock had previously closed at GBX 0.02 ($0.00).

Premier African Minerals Trading Down 6.3 %

The stock’s fifty day simple moving average is GBX 0.02 and its 200 day simple moving average is GBX 0.04. The firm has a market capitalization of £7.73 million, a PE ratio of -0.24 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.

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.