Premier African Minerals is a UK based lithium business, with operations in Africa.

Overview

Premier Africa Minerals is UK based lithium mining company with operations in Africa - Site about the company can be found here.

Technicals

Looking at only the chart, from a technical aspect the stock could easily head back up to 2015/2017 levels given the demand for Lithium and other base metals. Initial targets are 0.75, followed by 0.87 and then 1.00. To the downside, support Sita at 0.27 followed by 0.17.

Summary

This is a penny stock and does pose a risk, that being said, it could easily surge, but also fall hard. The risk to reward sits at about 1:1.5 ratio. 50%/75% gain, with a potential 50% loss, but the downside could be altered beforehand.