Premier African Minerals Ltd (PREM) Rating Reiterated by Northland Securities
Premier African Minerals Ltd (LON:PREM)‘s stock had its “speculative buy” rating reiterated by investment analysts at Northland Securities in a note issued to investors on Thursday.
Several other research analysts have also recently commented on PREM. Beaufort Securities reiterated a “speculative buy” rating on shares of Premier African Minerals in a report on Wednesday. Numis Securities Ltd reiterated an “add” rating and set a GBX 162 ($2.09) price target on shares of Premier African Minerals in a report on Wednesday. Finally, Shore Capital reiterated a “house stock” rating on shares of Premier African Minerals in a report on Monday, March 27th.
Shares of Premier African Minerals (LON:PREM) traded down 8.696% during midday trading on Thursday, hitting GBX 0.525. 71,584,988 shares of the stock traded hands. Premier African Minerals has a 52-week low of GBX 0.20 and a 52-week high of GBX 0.99. The stock has a 50-day moving average of GBX 0.57 and a 200-day moving average of GBX 0.45.
In related news, insider Michael Foster acquired 3,000,000 shares of Premier African Minerals stock in a transaction dated Friday, March 31st. The stock was acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £30,000 ($38,734.67).
Premier African Minerals Company Profile
Premier African Minerals Limited (Premier) and its subsidiary companies are engaged in the business of exploration, evaluation and development of mineral properties on the African continent. The Company’s flagship project, RHA Tungsten is located in Zimbabwe. Premier holds claims to several of other prospective projects in Zimbabwe, which include the Zulu Lithium and Tantalum pegmatites at Fort Rixon, Tinde Fluorspar, Globe multi-element and graphite, and Rare Earth Elements at Katete.
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