Premier African Minerals (LON:PREM) Shares Up 3% – Should You Buy?

Posted by ABMN Staff on Nov 27th, 2024

Premier African Minerals Limited (LON:PREM – Get Free Report) shares shot up 3% during mid-day trading on Monday . The stock traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 95,933,164 shares were traded during mid-day trading, a decline of 62% from the average session volume of 250,414,078 shares. The stock had previously closed at GBX 0.03 ($0.00).

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of Premier African Minerals in a report on Wednesday, October 16th.

Read Our Latest Report on PREM

Premier African Minerals Trading Up 3.1 %

The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.54 and a current ratio of 0.13. The firm has a market capitalization of £11.31 million, a price-to-earnings ratio of 2.25 and a beta of 0.99. The business has a fifty day moving average price of GBX 0.04 and a 200 day moving average price of GBX 0.08.

Premier African Minerals Company Profile

(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.