Kingsmen Resources Ltd. (OTCMKTS:BCEKF) was down 3.5% on Thursday . The company traded as low as $2.03 and last traded at $2.05, approximately 88,547 shares were traded during mid-day trading. An increase of 196% from the average daily volume of 29,952 shares. The stock had previously closed at $2.12.
Separately, BMO Capital Markets restated a “buy” rating and set a $2.80 target price on shares of Kingsmen Resources in a report on Wednesday, September 11th.
The stock has a 50 day moving average price of $1.83.
Bear Creek Mining Corporation, an exploration stage company, engages in the acquisition, exploration, and development of precious and base metal properties in Peru. The company explores for silver, lead, zinc, gold, and copper deposits. Its flagship property is the Corani silver-lead-zinc project, which consists of 12 mineral concessions covering an area of approximately 5,700 hectares located to the southeast of Cusco, Peru.
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