Premier African Minerals (LON:PREM) Shares Pass Below 200-Day Moving Average – Time to Sell?

Posted by Anthony Miller on Dec 21st, 2024

Premier African Minerals Limited (LON:PREM – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.06 ($0.00) and traded as low as GBX 0.05 ($0.00). Premier African Minerals shares last traded at GBX 0.05 ($0.00), with a volume of 17,261,443 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Premier African Minerals in a report on Wednesday, October 16th.

Read Our Latest Report on PREM

Premier African Minerals Stock Up 2.1 %

The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.54 and a current ratio of 0.13. The company has a market cap of £16.45 million, a P/E ratio of 2.25 and a beta of 0.99. The firm’s 50-day simple moving average is GBX 0.04 and its 200 day simple moving average is GBX 0.06.

Premier African Minerals Company Profile

(Get Free Report)

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.