Namib Minerals (NASDAQ:NAMM) Earns "Sell (D-)" Rating from Weiss Ratings

Key Points

• Namib Minerals (NASDAQ:NAMM) has received a "sell (D-)" rating from Weiss Ratings, indicating a negative outlook for investors.
• The company's stock is currently valued at $3.20 with a market capitalization of $171.78 million and an average rating of "Sell" from analysts.
• Namib Minerals operates primarily as a gold producer in Zimbabwe, having recently changed its name from Hennessy Capital Investment Corp. VI.

Namib Minerals (NASDAQ:NAMM - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities researchers at Weiss Ratings in a research note issued to investors on Thursday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Namib Minerals to a "sell" rating in a research report on Sunday, August 31st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Namib Minerals currently has an average rating of "Sell".

Namib Minerals Price Performance

NASDAQ NAMM traded up $0.07 during trading hours on Thursday, hitting $3.20. The company's stock had a trading volume of 57,262 shares, compared to its average volume of 553,219. The firm has a market capitalization of $171.78 million, a P/E ratio of -2.52 and a beta of -0.11. Namib Minerals has a twelve month low of $2.56 and a twelve month high of $55.00.

Namib Minerals Company Profile

Namib Minerals is a gold producer, developer and explorer with operations focused principally in Zimbabwe. Namib Minerals, formerly known as Hennessy Capital Investment Corp. VI, is based in New York.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.