Premier African Minerals (LON:PREM) Shares Down 6.5% – Should You Sell?

Premier African Minerals Limited (LON:PREM)’s stock price dropped 6.5% during trading on Monday . The stock traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 324,244,094 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 317,714,500 shares. The stock had previously closed at GBX 0.03 ($0.00).

Premier African Minerals Stock Down 6.5%

The firm’s 50-day moving average price is GBX 0.03 and its 200 day moving average price is GBX 0.03. The company has a market capitalization of £14.94 million, a price-to-earnings ratio of -0.46 and a beta of 0.99. The company has a current ratio of 0.13, a quick ratio of 2.54 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.