Premier African Minerals (LON:PREM) Trading 10% Higher – Should You Buy?

Premier African Minerals Limited (LON:PREM)’s stock price was up 10% on Wednesday . The stock traded as high as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 40,496,344 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 259,849,203 shares. The stock had previously closed at GBX 0.04 ($0.00).

Analyst Upgrades and Downgrades

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

Premier African Minerals Trading Up 10.0 %

The company has a debt-to-equity ratio of 0.97, a current ratio of 0.13 and a quick ratio of 2.54. The business has a 50-day simple moving average of GBX 0.05 and a two-hundred day simple moving average of GBX 0.10. The stock has a market cap of £15.08 million, a price-to-earnings ratio of 2.25 and a beta of 0.99.

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.