Bacanora Minerals (BCN) Downgraded by Numis Securities to “Hold”

Bacanora Minerals (CVE:BCN) was downgraded by equities researchers at Numis Securities from a “buy” rating to a “hold” rating in a research report issued on Monday.

Bacanora Minerals (CVE BCN) traded up C$0.15 during trading on Monday, hitting C$1.80. 86,257 shares of the stock traded hands, compared to its average volume of 33,213. Bacanora Minerals has a twelve month low of C$1.01 and a twelve month high of C$1.85.

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Bacanora Minerals 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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