Premier African Minerals (LON:PREM) Reaches New 52-Week High - Here's Why

Key Points

• Premier African Minerals Limited shares reached a new 52-week high of GBX 0.19 before last trading at GBX 0.17, with a volume of over 124 million shares.
• The company has a market capitalization of £146.81 million and a notable debt-to-equity ratio of 0.56.
• Premier African Minerals engages in the exploration and development of natural resource properties in Africa, focusing on tungsten, lithium, tantalum, and gold.

Premier African Minerals Limited (LON:PREM - ) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 0.19 ($0.00) and last traded at GBX 0.17 ($0.00), with a volume of 124089578 shares. The stock had previously closed at GBX 0.19 ($0.00).

Premier African Minerals Stock Down 8.9%

The company has a debt-to-equity ratio of 0.56, a current ratio of 0.13 and a quick ratio of 2.54. The firm has a market capitalization of £146.81 million, a P/E ratio of -288.33 and a beta of 0.99. The company's 50-day simple moving average is GBX 0.03 and its two-hundred day simple moving average is GBX 0.03.

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.

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