Premier African Minerals (LON:PREM) Trading 4.2% Higher – Here’s What Happened

Shares of Premier African Minerals Limited (LON:PREM) shot up 4.2% during trading on Thursday . The stock traded as high as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). 410,158,406 shares traded hands during mid-day trading, an increase of 58% from the average session volume of 259,030,859 shares. The stock had previously closed at GBX 0.05 ($0.00).

Analyst Upgrades and Downgrades

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

Premier African Minerals Price Performance

The stock has a market capitalization of £14.57 million, a P/E ratio of 2.25 and a beta of 0.99. The business has a fifty day simple moving average of GBX 0.05 and a 200-day simple moving average of GBX 0.11. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.54 and a current ratio of 0.13.

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.