Bushveld Minerals (LON:BMN) Shares Down 0.2% – Time to Sell?

Bushveld Minerals Limited (LON:BMN) shares were down 0.2% on Thursday . The stock traded as low as GBX 0.40 ($0.01) and last traded at GBX 0.45 ($0.01). Approximately 3,330,869 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 10,022,586 shares. The stock had previously closed at GBX 0.45 ($0.01).

Bushveld Minerals Stock Down 11.1 %

The company has a debt-to-equity ratio of 13,210.25, a quick ratio of 0.58 and a current ratio of 1.42. The company’s fifty day moving average price is GBX 0.55 and its 200-day moving average price is GBX 0.67. The stock has a market cap of £9.24 million, a P/E ratio of -7.67 and a beta of 2.06.

Insiders Place Their Bets

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

Bushveld Minerals Company Profile

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.