Bushveld Minerals (LON:BMN) Stock Crosses Below Two Hundred Day Moving Average Of $11.95

Bushveld Minerals Limited (LON:BMN)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 11.95 ($0.16) and traded as low as GBX 8.80 ($0.12). Bushveld Minerals shares last traded at GBX 8.85 ($0.12), with a volume of 2,163,680 shares changing hands.

A number of research firms have commented on BMN. Peel Hunt reissued a “buy” rating and issued a GBX 27 ($0.36) target price on shares of Bushveld Minerals in a report on Wednesday, October 27th. Peel Hunt restated a “buy” rating and issued a GBX 27 ($0.36) price target on shares of Bushveld Minerals in a research report on Wednesday, October 27th.

The firm has a market cap of £111.49 million and a PE ratio of -3.16. The business has a 50-day moving average price of GBX 9.81 and a two-hundred day moving average price of GBX 11.95. The company has a debt-to-equity ratio of 43.93, a current ratio of 2.34 and a quick ratio of 1.51.

Bushveld Minerals Company Profile (LON:BMN)

Bushveld Minerals Limited operates as an integrated primary vanadium producer and energy storage solutions provider in South Africa. Its flagship vanadium platform is involved in the vanadium mining and processing activities; and holding Mokopane vanadium and Brits vanadium projects. The company is also developing and promoting vanadium in the global energy storage market through the application of vanadium redox flow batteries.

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