Shares of Bushveld Minerals Limited (LON:BMN) traded down 9.7% during trading on Monday . The company traded as low as GBX 27.50 ($0.36) and last traded at GBX 28 ($0.37). 5,496,387 shares were traded during trading, an increase of 58% from the average session volume of 3,480,000 shares. The stock had previously closed at GBX 31 ($0.41).

Separately, Peel Hunt started coverage on Bushveld Minerals in a research note on Tuesday, April 9th. They issued a “buy” rating and a GBX 45 ($0.59) price objective on the stock.

The company has a market capitalization of $313.34 million and a P/E ratio of 28.00.

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About Bushveld Minerals (LON:BMN)

Bushveld Minerals Limited, together with its subsidiaries, engages in the exploration and development of mineral projects in South Africa. It operates through three segments: Vanadium and Iron Ore, Coal Exploration, and Vanadium Mining and Production. It explores for vanadium, titanium, iron ore, phosphate, tin, and thermal coal deposits.

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