Bacanora Lithium (BCN) Earns Buy Rating from VSA Capital

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VSA Capital reaffirmed their buy rating on shares of Bacanora Lithium (LON:BCN) in a report published on Thursday.

Shares of LON:BCN opened at GBX 21.50 ($0.28) on Thursday. Bacanora Lithium has a 12 month low of GBX 12.50 ($0.16) and a 12 month high of GBX 100 ($1.31). The company has a current ratio of 11.07, a quick ratio of 10.99 and a debt-to-equity ratio of 49.60. The firm has a market cap of $28.91 million and a P/E ratio of -2.11.

About Bacanora Lithium

Bacanora Lithium Plc engages in the identification, acquisition, exploration, and development of mineral properties. It explores for battery grade lithium carbonates and borates. The company primarily holds 100% interest in the Sonora Lithium project, which consists of seven mining concessions located in northern Mexico; and the 50% interest in the Zinnwald Lithium project that consists of 7 mining concessions covering an area of 256.5 hectares located in the Alterberg-Zinnwald region of the Eastern Ore Mountains in Germany.

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