Premier African Minerals (LON:PREM) Trading Down 17.4% – Here’s Why

Premier African Minerals Limited (LON:PREM)’s stock price dropped 17.4% during mid-day trading on Wednesday . The stock traded as low as GBX 0.02 and last traded at GBX 0.02. Approximately 1,208,856,625 shares were traded during mid-day trading, an increase of 294% from the average daily volume of 306,525,563 shares. The stock had previously closed at GBX 0.02.

Premier African Minerals Stock Performance

The stock has a market capitalization of £5.07 million, a PE ratio of -0.05 and a beta of 0.99. 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 firm has a 50 day moving average price of GBX 0.02 and a 200-day moving average price of GBX 0.04.

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.