Bushveld Minerals (LON:BMN) Shares Pass Below Two Hundred Day Moving Average of $28.08

Shares of Bushveld Minerals Limited (LON:BMN) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $28.08 and traded as low as $20.33. Bushveld Minerals shares last traded at $21.00, with a volume of 1,486,784 shares traded.

BMN has been the subject of a number of research analyst reports. Peel Hunt initiated coverage on shares of Bushveld Minerals in a research report on Wednesday, September 4th. They set a “buy” rating and a GBX 45 ($0.59) price objective for the company. Peel Hunt initiated coverage on shares of Bushveld Minerals in a research report on Wednesday, September 4th. They set a “buy” rating and a GBX 45 ($0.59) price objective for the company.

The stock’s 50-day moving average is GBX 22.84 and its 200-day moving average is GBX 28.01. The firm has a market capitalization of $244.52 million and a price-to-earnings ratio of 7.99.

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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