Barsele Minerals (CVE:BME) Downgraded by National Bank Financial

National Bank Financial downgraded shares of Barsele Minerals (CVE:BME) from an outperform rating to a sector perform rating in a research note released on Wednesday morning, BayStreet.CA reports. They currently have C$0.60 target price on the stock, down from their previous target price of C$1.00. National Bank Financial also issued estimates for Barsele Minerals’ FY2020 earnings at ($0.01) EPS and FY2021 earnings at ($0.01) EPS.

The company has a market capitalization of $52.86 million and a price-to-earnings ratio of -33.53. The business’s 50-day moving average price is C$0.42 and its 200-day moving average price is C$0.40. Barsele Minerals has a 52 week low of C$0.11 and a 52 week high of C$0.73.

About Barsele Minerals

Barsele Minerals Corp., a junior mineral exploration company, engages in the acquisition and exploration of mineral properties in Sweden. The company explores for gold, silver, and copper metal deposits. It holds 45% interest in the Barsele Gold project covering an area of 38,360 hectares located in Västerbottens Län.

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