Premier African Minerals (LON:PREM) Shares Up 7.1% – Here’s What Happened

Shares of Premier African Minerals Limited (LON:PREM) shot up 7.1% during trading on Tuesday . The stock traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 222,069,203 shares were traded during mid-day trading, a decline of 16% from the average session volume of 264,459,719 shares. The stock had previously closed at GBX 0.03 ($0.00).

Premier African Minerals Price Performance

The company has a current ratio of 0.13, a quick ratio of 2.54 and a debt-to-equity ratio of 0.56. The stock has a market cap of £17.00 million, a PE ratio of -0.52 and a beta of 0.99. The company has a fifty day moving average of GBX 0.02 and a 200-day moving average of GBX 0.03.

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.