Premier African Minerals (LON:PREM) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Premier African Minerals Limited (LON:PREM) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.05 ($0.00) and traded as low as GBX 0.04 ($0.00). Premier African Minerals shares last traded at GBX 0.04 ($0.00), with a volume of 136,745,125 shares trading hands.

Analysts Set New Price Targets

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

Premier African Minerals Trading Up 2.7 %

The company has a market capitalization of £13.03 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. The business’s 50-day moving average price is GBX 0.04 and its two-hundred day moving average price is GBX 0.05.

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.