Premier African Minerals (LON:PREM) Stock Price Down 27.8% – Here’s What Happened

Posted by Scott Moore on Jan 17th, 2025

Premier African Minerals Limited (LON:PREM – Get Free Report) was down 27.8% during mid-day trading on Friday . The stock traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 451,232,406 shares traded hands during trading, an increase of 237% from the average daily volume of 133,757,641 shares. The stock had previously closed at GBX 0.04 ($0.00).

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on Premier African Minerals

Premier African Minerals Price Performance

The business has a fifty day moving average of GBX 0.04 and a 200 day moving average of GBX 0.05. The firm has a market cap of £9.60 million, a P/E ratio of 2.25 and a beta of 0.99. The company has a quick ratio of 2.54, a current ratio of 0.13 and a debt-to-equity ratio of 0.97.

Premier African Minerals Company Profile

(Get Free Report)

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.