Bacanora Lithium (LON:BCN) Given “Buy” Rating at VSA Capital

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

Shares of BCN stock opened at GBX 23 ($0.30) on Monday. The stock has a 50 day moving average of GBX 26.25 and a 200 day moving average of GBX 31.59. The company has a current ratio of 32.38, a quick ratio of 32.38 and a debt-to-equity ratio of 66.64. The stock has a market cap of $53.52 million and a P/E ratio of -3.83. Bacanora Lithium has a twelve month low of GBX 14.50 ($0.19) and a twelve month high of GBX 53 ($0.70).

Bacanora Lithium Company Profile

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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