Premier African Minerals (LON:PREM) Trading 4.2% Higher – Here’s What Happened

Premier African Minerals Limited (LON:PREM)’s share price traded up 4.2% during mid-day trading on Thursday . The stock traded as high as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). 410,158,406 shares traded hands during mid-day trading, an increase of 58% from the average session volume of 259,030,859 shares. The stock had previously closed at GBX 0.05 ($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.

Premier African Minerals Price Performance

The company has a fifty day moving average of GBX 0.05 and a 200 day moving average of GBX 0.11. The firm has a market capitalization of £14.57 million, a P/E ratio of 2.25 and a beta of 0.99. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.13 and a quick ratio of 2.54.

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.