Brazil Minerals Inc (OTCMKTS:BMIX) Stock Pulls Back a Bit On Profit Booking

At this point in time, the Brazil Minerals Inc (OTCMKTS:BMIX) stock may be an interesting stock to follow considering the sort of move it has made in recent times. Yesterday, the stock suffered from a bit of a selloff and went down by 3%.

Market Action

On Monday, BMIX stock fell 3.53% to $0.0082 with 5.96 million shares, compared to its average volume of 12.70 million shares. The stock has moved within a range of $0.0076 – 0.0087 after opening trade at $0.0087.

Brazil Minerals Appoints CFO and ESG Chief

However, despite the fall it should be noted that the stock is still up by as much as 10% over the course of the past week. The company is regarded as the Strategic Mineral Resources Company for the Green Energy Revolution and yesterday it was actually in the news after it made a key announcement.

Brazil Minerals announced yesterday that it had made as many as two major appointments at the higher echelons of its executive team. It was noted that Jason Baybutt had been made the Treasurer, Principal Accounting Officer and Chief Financial Officer at Brazil Minerals. Baybutt is a seasoned executive and had earlier been the Chief Operating Officer at PubCo Reporting Solutions. The other appointment was an internal one.

Brazil Minerals made Joel de PaivaMonteiro the new ESG Chief. It should be noted that Monteiro is already the Vice President of Administration and Operations and will continue to perform that role.

Traders Note

BMIX stock is trading below the 50-Day and 200-Day Moving averages of $0.0089 and $0.0113. Moreover, the stock is trading is the neutral zone with RSI stands at 48.

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