Wall Street Zen upgraded shares of Chilwa Minerals (NASDAQ:CHWM – Free Report) to a hold rating in a report released on Saturday morning,Wall Street Zen reports.
Chilwa Minerals Stock Performance
Shares of Chilwa Minerals stock opened at $5.20 on Friday. Chilwa Minerals has a fifty-two week low of $5.04 and a fifty-two week high of $7.08.
About Chilwa Minerals
Chilwa Minerals Limited is a mineral exploration and development company focused on mineral sands in Malawi, southeastern Africa. Its principal asset is the Lake Chilwa project, which targets deposits associated with the lake’s shoreline and surrounding areas.
The project is prospective for heavy mineral sands, including ilmenite, rutile, zircon and monazite. These minerals are used in applications such as titanium dioxide production, ceramics, foundry products and, in the case of monazite, the potential recovery of rare earth elements.
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