Premier African Minerals (LON:PREM) Hits New 1-Year Low – Time to Sell?

Premier African Minerals Limited (LON:PREM) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 0.01 and last traded at GBX 0.01, with a volume of 469973188 shares trading hands. The stock had previously closed at GBX 0.01.

Premier African Minerals Stock Performance

The company has a quick ratio of 2.54, a current ratio of 0.10 and a debt-to-equity ratio of 0.91. The stock has a 50 day simple moving average of GBX 0.02 and a two-hundred day simple moving average of GBX 0.05. The stock has a market capitalization of £1.95 million, a P/E ratio of -0.03 and a beta of 0.99.

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.