What’s Propelling Beowulf Mining plc to Increase So Much?

 What's Propelling Beowulf Mining plc to Increase So Much?

The stock of Beowulf Mining plc (LON:BEM) is a huge mover today! The stock increased 11.18% or GBX 0.68 on November 15, hitting GBX 6.81. About 1.34 million shares traded hands or 64.56% up from the average. Beowulf Mining plc (LON:BEM) has risen 57.74% since April 15, 2016 and is uptrending. It has outperformed by 53.81% the S&P500.
The move comes after 9 months positive chart setup for the GBX 31.99M company. It was reported on Nov, 15 by Barchart.com. We have GBX 12.05 PT which if reached, will make LON:BEM worth GBX 24.63 million more.

Beowulf Mining plc (LON:BEM) Ratings Coverage

Out of 2 analysts covering Beowulf Mining PLC (LON:BEM), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Beowulf Mining PLC has been the topic of 21 analyst reports since August 28, 2015 according to StockzIntelligence Inc. On Monday, April 18 the stock rating was maintained by Cantor Fitzgerald with “Buy”. Cantor Fitzgerald maintained the shares of BEM in a report on Friday, November 27 with “Buy” rating. Cantor Fitzgerald maintained the shares of BEM in a report on Thursday, June 30 with “Buy” rating. The firm has “Buy” rating by Cantor Fitzgerald given on Wednesday, August 31. The rating was maintained by Cantor Fitzgerald on Tuesday, October 13 with “Buy”. As per Tuesday, October 13, the company rating was maintained by Beaufort Securities. The firm has “Buy” rating by Cantor Fitzgerald given on Friday, September 4. Cantor Fitzgerald maintained the shares of BEM in a report on Friday, August 28 with “Buy” rating. The stock of Beowulf Mining plc (LON:BEM) earned “Speculative Buy” rating by Beaufort Securities on Monday, January 11. The rating was maintained by Cantor Fitzgerald with “Buy” on Monday, February 29.

More recent Beowulf Mining plc (LON:BEM) news were published by: Uk.Finance.Yahoo.com which released: “Beowulf Mining plc (BEM.L)” on March 24, 2014. Also Fool.Co.Uk published the news titled: “Should You Buy Anglo American plc, Beowulf Mining plc & UK Oil & Gas …” on November 27, 2015. Fool.Co.Uk‘s news article titled: “Are Tritax Big Box REIT plc, Beowulf Mining plc and John Laing Group plc post …” with publication date: June 30, 2016 was also an interesting one.

Beowulf Mining plc is a multi-commodity, exploration and development company. The company has a market cap of 31.99 million GBP. The Firm is engaged in the exploration for iron ore in Sweden and graphite in Finland. It currently has negative earnings. Beowulf, through its subsidiaries, holds approximately 10 exploration permits together with a registered application for an exploitation concession (Kallak North), in northern Sweden.

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