Bushveld Minerals (LON:BMN) Share Price Crosses Above 50-Day Moving Average of $24.32

Bushveld Minerals Limited (LON:BMN)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $24.32 and traded as high as $23.50. Bushveld Minerals shares last traded at $22.25, with a volume of 1,729,061 shares trading hands.

Several brokerages have commented on BMN. Peel Hunt began coverage on shares of Bushveld Minerals in a report on Wednesday. They set a “buy” rating and a GBX 45 ($0.59) target price on the stock. Peel Hunt began coverage on shares of Bushveld Minerals in a report on Wednesday. They set a “buy” rating and a GBX 45 ($0.59) target price on the stock.

The company has a market cap of $248.99 million and a PE ratio of 7.67. The stock has a fifty day moving average of GBX 24.18.

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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