VSA Capital Reiterates Buy Rating for Bacanora Lithium (LON:BCN)

VSA Capital restated their buy rating on shares of Bacanora Lithium (LON:BCN) in a report published on Monday morning, ThisIsMoney.Co.Uk reports.

BCN stock opened at GBX 23 ($0.30) on Monday. The firm has a market cap of $53.52 million and a PE ratio of -3.83. The company has a debt-to-equity ratio of 66.64, a quick ratio of 32.38 and a current ratio of 32.38. The firm’s 50 day moving average price is GBX 26.25 and its 200-day moving average price is GBX 31.59. Bacanora Lithium has a one year low of GBX 14.50 ($0.19) and a one year high of GBX 53 ($0.70).

About Bacanora Lithium

Bacanora Lithium Plc engages in the identification, acquisition, exploration, and development of mineral properties. It explores for battery grade lithium carbonates and borates. The company primarily holds 100% interest in the Sonora Lithium project, which consists of seven mining concessions located in northern Mexico; and the 50% interest in the Zinnwald Lithium project that consists of 7 mining concessions covering an area of 256.5 hectares located in the Alterberg-Zinnwald region of the Eastern Ore Mountains in Germany.

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