Brazil Minerals (OTCMKTS:BMIX), which claims to be strategic mineral resources company focussed on the green energy revolution, had come into major focus yesterday following an announcement and its stock ended the day with gains of as much as 27%.
Trading Data
On Wednesday, BMIX stock soared 27.27% to $0.0070 with more than 32.72 million shares, compared to volume of 8.17 million shares. The stock moved within a range of $0.0060 – 0.0073 after opening trade at $0.0067.
Brazil Minerals Intersects High Lithium Content in Pegmatite
The company came into focus yesterday after it announced that it had got the geochemical results along with the core samples from a pegmatitic ore body inside the Minas Gerais Lithium Project. The announcement was a significant one from Brazil Minerals and the optimism among investors with regards to the latest news was perhaps not surprising.
In this regard, it is also necessary to point out that Brazil Minerals also noted that it had also managed to identify a large number of pegmatites at the many of the mineral rights that it holds. In total, the company has managed to acquire as many as 44 mineral rights related to lithium spanning. The demand for lithium is rising by the day and hence, the latest announcement was a significant one for the company as well as its shareholders. It may now be a good time to keep an eye on the Brazil Minerals stock.
Technical Data
BMIX stock is trading below the 20-Day and 50-Day Moving averages of $0.0070 and $0.0072 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0082.
