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Black Mountain Resources (LON:BMZ)‘s stock had its “buy” rating reaffirmed by analysts at Westhouse Securities in a research report issued to clients and investors on Thursday. They currently have a GBX 17 ($0.29) target price on the stock.

Separately, analysts at Beaufort Securities downgraded shares of Black Mountain Resources to a “sell” rating in a research note on Friday, May 2nd.

Shares of Black Mountain Resources (LON:BMZ) traded down 8.44% on Thursday, hitting GBX 2.06. The stock had a trading volume of 385,118 shares. Black Mountain Resources has a 1-year low of GBX 1.50 and a 1-year high of GBX 10.50. The stock’s 50-day moving average is GBX 2.06 and its 200-day moving average is GBX 3.55.

Black Mountain Resources Limited is an Australian exploration company. The Company has entered into a Tenement Sale Agreement to acquire exploration tenements in Western Australia.

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