Premier African Minerals (LON:PREM) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Premier African Minerals Limited (LON:PREM)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.05 ($0.00) and traded as low as GBX 0.02 ($0.00). Premier African Minerals shares last traded at GBX 0.03 ($0.00), with a volume of 172,478,047 shares trading hands.

Wall Street Analyst Weigh In

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

Premier African Minerals Trading Up 8.3 %

The business’s 50 day moving average price is GBX 0.04 and its two-hundred day moving average price is GBX 0.05. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.54 and a current ratio of 0.13. The company has a market capitalization of £8.91 million, a price-to-earnings ratio of 2.25 and a beta of 0.99.

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.