Premier African Minerals (LON:PREM) Hits New 52-Week Low – Time to Sell?

Premier African Minerals Limited (LON:PREM)’s share price reached a new 52-week low on Tuesday . The company traded as low as GBX 0.01 and last traded at GBX 0.01, with a volume of 200073500 shares trading hands. The stock had previously closed at GBX 0.01.

Premier African Minerals Price Performance

The company has a current ratio of 0.04, a quick ratio of 2.54 and a debt-to-equity ratio of 1.23. The company has a market cap of £5.99 million, a P/E ratio of -0.48 and a beta of 0.99. The business’s fifty day moving average is GBX 0.02 and its 200 day moving average is GBX 0.02.

Premier African Minerals Company Profile

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.