Premier African Minerals (LON:PREM) Stock Price Up 146.7% – Here’s What Happened

Premier African Minerals Limited (LON:PREM) shares traded up 146.7% on Wednesday . The company traded as high as GBX 0.10 ($0.00) and last traded at GBX 0.07 ($0.00). 2,147,000,000 shares changed hands during mid-day trading, an increase of 639% from the average session volume of 290,610,656 shares. The stock had previously closed at GBX 0.03 ($0.00).

Premier African Minerals Stock Down 9.3 %

The firm’s 50 day simple moving average is GBX 0.02 and its 200-day simple moving average is GBX 0.03. The company has a market cap of £20.09 million, a price-to-earnings ratio of -0.62 and a beta of 0.99. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.13 and a quick ratio of 2.54.

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.