What’s Propelling Bacanora Minerals Ltd to Increase So Much?


 What's Propelling Bacanora Minerals Ltd to Increase So Much?

The stock of Bacanora Minerals Ltd (CVE:BCN) is a huge mover today! About 25,445 shares traded hands or 59.84% up from the average. Bacanora Minerals Ltd (CVE:BCN) has risen 6.00% since September 18, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.
The move comes after 7 months positive chart setup for the $161.86 million company. It was reported on Oct, 18 by Barchart.com. We have $4.18 PT which if reached, will make CVE:BCN worth $304.30 million more.

More recent Bacanora Minerals Ltd (CVE:BCN) news were published by: Juniorminingnetwork.com which released: “Bacanora Minerals Announces Board Appointment” on October 18, 2016. Also Fool.Co.Uk published the news titled: “Why Bacanora Minerals Ltd & Creston plc Are Flying High Today” on June 09, 2015. Business.Financialpost.com‘s news article titled: “Blackrock jumps on the lithium bull, invests in Bacanora Minerals” with publication date: May 24, 2016 was also an interesting one.

Bacanora Minerals Ltd. is a developer and explorer of industrial minerals. The company has a market cap of $161.86 million. The Firm is engaged in exploration and development of mineral properties in Mexico. It currently has negative earnings. It is focused on its Sonora Lithium Project, and has a borates project located near the town of Magdalena de Kino, north of Hermosillo, Mexico.

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