Premier African Minerals (LON:PREM) Stock Price Up 14.9% – Should You Buy?

Shares of Premier African Minerals Limited (LON:PREM) were up 14.9% during trading on Wednesday . The stock traded as high as GBX 0.06 ($0.00) and last traded at GBX 0.05 ($0.00). Approximately 73,791,469 shares traded hands during trading, a decline of 71% from the average daily volume of 257,864,719 shares. The stock had previously closed at GBX 0.05 ($0.00).

Analyst Ratings Changes

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

Premier African Minerals Stock Up 2.0 %

The company has a market cap of £17.14 million, a P/E ratio of 2.25 and a beta of 0.99. The company has a quick ratio of 2.54, a current ratio of 0.13 and a debt-to-equity ratio of 0.97. The company has a fifty day moving average of GBX 0.04 and a 200 day moving average of GBX 0.07.

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.