Bacanora Minerals Ltd Com (BCN) Receives “not rated” Rating from Shore Capital
Several other research firms also recently commented on BCN. Liberum Capital reiterated a buy rating and issued a GBX 130 ($1.72) price objective on shares of Bacanora Minerals Ltd Com in a report on Tuesday, July 18th. Numis Securities Ltd lifted their price objective on Bacanora Minerals Ltd Com from GBX 130 ($1.72) to GBX 140 ($1.85) and gave the stock a buy rating in a report on Thursday, August 24th. Finally, Canaccord Genuity reissued a speculative buy rating and issued a GBX 120 ($1.58) target price on shares of Bacanora Minerals Ltd Com in a research report on Friday, October 20th.
Bacanora Minerals Ltd Com (BCN) traded up GBX 6 ($0.08) during midday trading on Thursday, reaching GBX 92 ($1.21). The company had a trading volume of 646,724 shares, compared to its average volume of 143,106. Bacanora Minerals Ltd Com has a 52 week low of GBX 61 ($0.80) and a 52 week high of GBX 96 ($1.27).
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In related news, insider Jamie Strauss acquired 42,857 shares of the stock in a transaction dated Thursday, September 7th. The shares were purchased at an average cost of GBX 70 ($0.92) per share, with a total value of £29,999.90 ($39,588.15).
About Bacanora Minerals Ltd Com
Bacanora Minerals Ltd., an exploration stage mining company, engages in the identification, acquisition, exploration, and development of mineral properties in Mexico. It primarily focuses on lithium and borates. The companys primary assets include the Sonora Lithium project, which consists of 10 mining concession area covering approximately 100 thousand hectares in the northeast of Sonora State; and the Magdalena Borate project that covers 16,503 hectares in Sonora state.
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