Bushveld Minerals (LON:BMN) Stock Price Down 7.3% – Here’s What Happened

Bushveld Minerals Limited (LON:BMN)’s stock price dropped 7.3% on Thursday . The stock traded as low as GBX 0.40 ($0.01) and last traded at GBX 0.42 ($0.01). Approximately 1,219,725 shares traded hands during trading, a decline of 88% from the average daily volume of 9,823,243 shares. The stock had previously closed at GBX 0.45 ($0.01).

Bushveld Minerals Stock Performance

The company has a current ratio of 1.42, a quick ratio of 0.58 and a debt-to-equity ratio of 13,210.25. The stock has a market capitalization of £9.82 million, a PE ratio of -7.08 and a beta of 2.06. The firm’s fifty day moving average price is GBX 0.53 and its two-hundred day moving average price is GBX 0.63.

About Bushveld Minerals

Bushveld Minerals Limited operates as an integrated primary vanadium producer for the steel, energy, chemicals and aerospace industries in South Africa, Europe, Asia, the United States, and internationally. The company is involved in mining and processing vanadium ores; and developing and promoting vanadium in the energy storage market through the advancement of vanadium-based energy storage systems, primarily vanadium redox flow batteries.