Beaufort Securities Reiterates Sell Rating for Black Mountain Resources (BMZ)
Black Mountain Resources (LON:BMZ) traded down 8.44% during mid-day trading on Friday, hitting GBX 2.06. 142,197 shares of the company’s stock traded hands. 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 2.05 and its 200-day moving average is GBX 3.55.
A number of other firms have also recently commented on BMZ. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Black Mountain Resources in a research note on Thursday. They now have a GBX 17 ($0.29) price target on the stock.
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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