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Premier African Minerals (LON:PREM) Sets New 12-Month Low - Here's What Happened

Premier African Minerals logo with Basic Materials background

Key Points

  • Premier African Minerals Limited has reached a new 52-week low in its share price, trading as low as GBX 0.10 before settling at GBX 0.15 with significant trading volume of 448,485,094 shares.
  • The company's stock has decreased by 11.8%, with financial metrics indicating it has a market capitalization of £127.29 million and a PE ratio of -250.00.
  • Premier African Minerals specializes in the mining and exploration of various natural resources, including tungsten, lithium, and gold, holding interests in several projects across Zimbabwe and Mozambique.
  • Interested in Premier African Minerals? Here are five stocks we like better.

Premier African Minerals Limited (LON:PREM - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 0.10 ($0.00) and last traded at GBX 0.15 ($0.00), with a volume of 448485094 shares traded. The stock had previously closed at GBX 0.17 ($0.00).

Premier African Minerals Stock Down 11.8%

The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.54 and a current ratio of 0.13. The firm's 50-day moving average is GBX 0.03 and its 200 day moving average is GBX 0.03. The firm has a market capitalization of £127.29 million, a PE ratio of -250.00 and a beta of 0.99.

About Premier African Minerals

(Get Free Report)

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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