Premier African Minerals (LON:PREM) Share Price Crosses Below 200-Day Moving Average of $0.29

Premier African Minerals Limited (LON:PREM)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 0.29 ($0.00) and traded as low as GBX 0.18 ($0.00). Premier African Minerals shares last traded at GBX 0.20 ($0.00), with a volume of 145,331,979 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “house stock” rating on shares of Premier African Minerals in a report on Wednesday, January 24th.

Premier African Minerals Stock Up 4.0 %

The firm has a market cap of £54.25 million, a PE ratio of 2.25 and a beta of 1.17. The firm has a 50 day moving average price of GBX 0.26 and a 200-day moving average price of GBX 0.29. The company has a current ratio of 0.05, a quick ratio of 2.54 and a debt-to-equity ratio of 1.57.

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.