Brazil Minerals Inc (OTCMKTS:BMIX), which is regarded as a strategic mineral resources company in the green energy domain, did not have a great time in the markets yesterday.
Trading Data
On Wednesday, BMIX stock fell 4.55% to $0.0084 with more than 25.23 million shares, compared to its average volume of 12.67 million shares. The stock has moved within a range of $0.0078 – 0.0095 after opening trade at $0.0083.
Brazil Minerals Adds Capital Markets Expertise to Its Board
The stock suffered from a selloff and slumped by as much as 5% after it made an announcement with regards to the appointment of a new independent director to its board of directors in the form of Stephen R Peterson. The appointment is an important one for the company but it did not lead to much excitement from among investors and the selloff in the stock is perhaps an indication of that.
However, at the same time, it is important for investors to take a closer look at Peterson’s credentials and figure things out for themselves. Peterson is a highly experienced professional and has been involved with investment management as well as with the capital markets for more than four decades.
He is going to bring a wealth of experience to the Brazil Minerals board and that is an important thing that investors ought to keep in mind. Prior to this, he had served as a Senior Vice President of Investments at the financial behemoth Fidelity Investments for as long as 32 years.
Technical Data
BMIX stock is trading below the 20-Day and 40-Day Moving averages of $0.0091 and $0.0091 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0129. The stock is down 5% in the past month.
