The stock of Bacanora Minerals Ltd (CVE:BCN) is a huge mover today! The stock increased 6.57% or $0.09 on July 28, hitting $1.46. About 99,324 shares traded hands or 236.24% up from the average. Bacanora Minerals Ltd (CVE:BCN) has risen 6.00% since June 29, 2016 and is uptrending. It has underperformed by 1.20% the S&P500. The move comes after 8 months positive chart setup for the $148.81 million company. It was reported on Jul, 29 by Barchart.com. We have $3.34 PT which if reached, will make CVE:BCN worth $191.96 million more.
Bacanora Minerals Ltd. is a Canada mineral exploration company. The company has a market cap of $148.81 million. The Firm is engaged in the exploration and development of industrial minerals in Mexico with a focus on Borates and Lithium. It currently has negative earnings. The Company’s operating projects include two prospects namely a Lithium project in the Sierra Madre Occidental and a Colemanite Borate project in Magdalena de Kino…
Source: What’s Propelling Bacanora Minerals Ltd to Increase So Much? | Press Telegraph