Bushveld Minerals (LON:BMN) Share Price Crosses Below Two Hundred Day Moving Average of $23.81

Bushveld Minerals Limited (LON:BMN)’s share price 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 changing hands.

BMN has been the subject of a number of research analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Bushveld Minerals in a report on Wednesday, November 27th. Peel Hunt restated a “buy” rating on shares of Bushveld Minerals in a research report on Wednesday, November 13th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 45 ($0.59) price target on shares of Bushveld Minerals in a research report on Thursday, November 7th.

The company has a quick ratio of 3.51, a current ratio of 4.73 and a debt-to-equity ratio of 2.78. The business has a 50-day moving average price of GBX 23.33 and a 200-day moving average price of GBX 23.81. The firm has a market capitalization of $253.65 million and a PE ratio of 6.52.

About Bushveld Minerals (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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