Bushveld Minerals Limited’s stock price took a hit on Friday, dropping 4% during trading. The company traded as low as GBX 0.55 and last traded at GBX 0.60. This decline in stock price was accompanied by a significant decrease in trading volume, with only 1,506,190 shares changing hands, a staggering 87% decline from the average daily volume of 11,752,147 shares. The stock had previously closed at GBX 0.63.
The stock’s 50-day moving average price is GBX 0.58, with the 200-day moving average price at GBX 1.06. The company’s financial indicators show a debt-to-equity ratio of 120.98, a quick ratio of 0.58, and a current ratio of 0.68. With a market capitalization of £13.28 million, a P/E ratio of -19.17, and a beta of 1.81, Bushveld Minerals faces some challenges in the current market environment.
In insider news, Craig W. Coltman, an insider at Bushveld Minerals, acquired a significant number of shares recently. On Monday, July 15th, Coltman bought 600,000 shares of the company’s stock at an average cost of GBX 1 per share, totaling £6,000. This adds to previous purchases of 600,000 and 500,000 shares on the same day and Friday, July 12th, respectively. Coltman now owns 52.60% of the company’s stock.
Bushveld Minerals operates as an integrated primary vanadium producer, serving various industries across multiple continents. The company is actively involved in mining and processing vanadium ores, as well as developing and promoting vanadium in the energy storage market through the advancement of vanadium-based energy storage systems, particularly vanadium redox flow batteries.
