Bushveld Minerals (LON:BMN) Trading Up 4.9% – Should You Buy?

Bushveld Minerals Limited (LON:BMN)’s stock price shot up 4.9% on Wednesday . The stock traded as high as GBX 0.45 ($0.01) and last traded at GBX 0.45 ($0.01). 6,350,497 shares were traded during trading, a decline of 37% from the average session volume of 10,058,512 shares. The stock had previously closed at GBX 0.43 ($0.01).

Bushveld Minerals Price 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 company has a 50 day moving average of GBX 0.55 and a 200-day moving average of GBX 0.67. The firm has a market capitalization of £10.40 million, a P/E ratio of -7.08 and a beta of 2.06.

Insider Transactions at Bushveld Minerals

In other Bushveld Minerals news, insider Craig W. Coltman purchased 600,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were acquired at an average cost of GBX 1 ($0.01) per share, for a total transaction of £6,000 ($7,852.38). In related news, insider Craig W. Coltman acquired 500,000 shares of the company’s stock in a transaction on Friday, July 12th. The stock was purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £5,000 ($6,543.65). Also, insider Craig W. Coltman purchased 600,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was bought at an average cost of GBX 1 ($0.01) per share, with a total value of £6,000 ($7,852.38). Insiders own 48.28% of the company’s stock.

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.