Bushveld Minerals (LON:BMN) Shares Cross Below 200-Day Moving Average of $23.81

Shares of Bushveld Minerals Limited (LON:BMN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.81 and traded as low as $21.00. Bushveld Minerals shares last traded at $21.50, with a volume of 1,096,886 shares.

A number of research firms have recently issued reports on BMN. Peel Hunt reiterated a “buy” rating and issued a GBX 45 ($0.59) price objective on shares of Bushveld Minerals in a report on Thursday, November 7th. Peel Hunt reaffirmed a “buy” rating on shares of Bushveld Minerals in a research note on Wednesday, November 13th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Bushveld Minerals in a research report on Wednesday, November 27th.

The company has a market cap of $246.16 million and a price-to-earnings ratio of 6.67. The firm’s 50 day simple moving average is GBX 23.34 and its 200-day simple moving average is GBX 23.75. The company has a debt-to-equity ratio of 2.78, a quick ratio of 3.51 and a current ratio of 4.73.

Bushveld Minerals Company Profile (LON:BMN)

Bushveld Minerals Limited, together with its subsidiaries, engages in the exploration and development of mineral projects in South Africa. It operates through three segments: Vanadium and Iron Ore, Coal Exploration, and Vanadium Mining and Production. It explores for vanadium, titanium, iron ore, phosphate, tin, and thermal coal deposits.

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