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Bushveld Minerals says not aware of any corporate reason for share price fall, notes weakness in vanadium price

The AIM-listed group said, in spite of the price falls, it believes the vanadium market “remains in a structural deficit that will support higher prices in the medium to long term”

Vanadium
Bushveld also said it will be releasing a Mineral Resource and Ore Reserve update imminently

Bushveld Minerals Limited (LON:BMN) shares came off lows on Tuesday as the integrated primary vanadium producer said it was not aware of any corporate reason for a recent fall in its share price, although it highlighted weakness in the vanadium price.

In a statement commenting on the downward share price move, the AIM-listed group said, in spite of the price falls, it believes the vanadium market “remains in a structural deficit that will support higher prices in the medium to long term.”

READ: Bushveld Minerals signs off the first quarter on a high

The group also said it will be releasing a Mineral Resource and Ore Reserve update imminently.

In addition, the company said, its financial statements for the year ended 31 December 2018 are scheduled to be published within the current month.

In late morning trading, Bushveld shares were off 3.3% at 22.25p, but that was above the earlier session low of 19.50p.

Quick facts: Bushveld Minerals Ltd

Price: 21.75 GBX

LSE:BMN
Market: LSE
Market Cap: £250.77 m
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