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Bezant Resources (LSE:BZT) 6-1 Month Momentum % : 9.52% (As of Oct. 31, 2024)


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What is Bezant Resources 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-10-31), Bezant Resources's 6-1 Month Momentum % is 9.52%.

The industry rank for Bezant Resources's 6-1 Month Momentum % or its related term are showing as below:

LSE:BZT's 6-1 Month Momentum % is ranked better than
71.7% of 2541 companies
in the Metals & Mining industry
Industry Median: -11.48 vs LSE:BZT: 9.52

Competitive Comparison of Bezant Resources's 6-1 Month Momentum %

For the Other Industrial Metals & Mining subindustry, Bezant Resources's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bezant Resources's 6-1 Month Momentum % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Bezant Resources's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Bezant Resources's 6-1 Month Momentum % falls into.



Bezant Resources  (LSE:BZT) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Bezant Resources  (LSE:BZT) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Bezant Resources 6-1 Month Momentum % Related Terms

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Bezant Resources Business Description

Traded in Other Exchanges
Address
4 Thomas More Square, Floor 6, Quadrant House, London, GBR, E1W 1YW
Bezant Resources PLC is a United Kingdom-based exploration company that is engaged in the exploration, evaluation, beneficiation and development of mineral resources. The company's exploration projects include the Kalengwa copper-silver project in Zambia; Hope Copper-Gold Project; Kanye Manganese Project in Botswana; Mankayan Project in the Philippines and the Eureka Project in northern Argentina. The operations of the Group are focused in geographical segments, namely the UK, Argentina, Namibia, and Botswana, and comprise one class of business: the exploration, evaluation and development of mineral resources. The UK is used for the administration of the Group and includes equity investments in non-group companies .

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