Bacanora Minerals Ltd Com (BCN) Reaches New 52-Week High at $96.50

Bacanora Minerals Ltd Com (LON:BCN)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 96.50 ($1.27) and last traded at GBX 96.50 ($1.27), with a volume of 702291 shares changing hands. The stock had previously closed at GBX 96.50 ($1.27).

BCN has been the topic of a number of recent research reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 130 ($1.71) price objective on shares of Bacanora Minerals Ltd Com in a research note on Tuesday, July 18th. Numis Securities Ltd raised their price objective on shares of Bacanora Minerals Ltd Com from GBX 130 ($1.71) to GBX 140 ($1.84) and gave the company a “buy” rating in a research note on Thursday, August 24th. Canaccord Genuity reaffirmed a “speculative buy” rating and issued a GBX 120 ($1.58) price objective on shares of Bacanora Minerals Ltd Com in a research note on Friday, October 20th. Finally, Shore Capital reaffirmed a “not rated” rating on shares of Bacanora Minerals Ltd Com in a research note on Thursday.

In other news, insider Jamie Strauss purchased 42,857 shares of Bacanora Minerals Ltd Com stock in a transaction dated Thursday, September 7th. The shares were bought at an average cost of GBX 70 ($0.92) per share, with a total value of £29,999.90 ($39,457.98).

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Bacanora Minerals Ltd Com Company Profile

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 company’s 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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