Premier African Minerals (LON:PREM) Shares Down 10.3%

Premier African Minerals Limited (LON:PREM) traded down 10.3% on Wednesday . The stock traded as low as GBX 0.17 ($0.00) and last traded at GBX 0.18 ($0.00). 270,822,606 shares traded hands during trading, an increase of 10% from the average session volume of 246,141,266 shares. The stock had previously closed at GBX 0.20 ($0.00).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Premier African Minerals in a report on Wednesday.

Premier African Minerals Price Performance

The company has a market capitalization of £51.84 million, a price-to-earnings ratio of 2.25 and a beta of 1.17. The company has a quick ratio of 2.54, a current ratio of 0.05 and a debt-to-equity ratio of 1.57. The company has a 50 day simple moving average of GBX 0.24 and a 200 day simple moving average of GBX 0.26.

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.