Premier African Minerals (LON:PREM) Sets New 52-Week Low – Should You Sell?

Premier African Minerals Limited (LON:PREM) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00), with a volume of 380559250 shares trading hands. The stock had previously closed at GBX 0.02 ($0.00).

Analyst Ratings Changes

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

Premier African Minerals Trading Down 4.5 %

The company has a current ratio of 0.13, a quick ratio of 2.54 and a debt-to-equity ratio of 0.97. The stock has a 50 day simple moving average of GBX 0.04 and a 200-day simple moving average of GBX 0.05. The firm has a market cap of £7.20 million, a P/E ratio of 2.25 and a beta of 0.99.

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.