Premier African Minerals (LON:PREM) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Premier African Minerals Limited (LON:PREM) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 0.05 and traded as low as GBX 0.02. Premier African Minerals shares last traded at GBX 0.02, with a volume of 115,997,719 shares.

Premier African Minerals Trading Up 5.0%

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 £2.80 million, a price-to-earnings ratio of -0.05 and a beta of 0.99. The company has a fifty day simple moving average of GBX 0.03 and a 200-day simple moving average of GBX 0.05.

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. The company was formerly known as G&B African Resources Limited and changed its name to Premier African Minerals Limited in April 2012.