Century Lithium (CVE:LCE) Trading Up 1.7% – Here’s Why

Century Lithium Corp. (CVE:LCE) traded up 1.7% during trading on Friday . The company traded as high as C$0.30 and last traded at C$0.30. 6,149 shares changed hands during trading, a decline of 95% from the average session volume of 135,952 shares. The stock had previously closed at C$0.29.

Century Lithium Stock Up 1.7%

The company has a 50 day simple moving average of C$0.29 and a 200-day simple moving average of C$0.29. The stock has a market cap of C$48.76 million, a price-to-earnings ratio of -14.75 and a beta of 1.38.

Insider Activity

In related news, Director James Gaydon Pettit sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of C$0.31, for a total transaction of C$31,000.00. Following the sale, the director directly owned 837,100 shares of the company’s stock, valued at approximately C$259,501. This represents a 10.67% decrease in their position. Corporate insiders own 4.25% of the company’s stock.

About Century Lithium

Century Lithium Corp. engages in the acquisition, exploration, evaluation, and development of resource properties in the United States. It primarily explores for lithium. The company holds 100% interests in Clayton Valley project located in southwest Nevada; Dean lithium property in Clayton Valley, Nevada; Glory lithium property in Clayton Valley; and Gunman Project, White Pine Claims, Nevada, as well as interest in Enertopia Project. Century Lithium Corp. was formerly known as Cypress Development Corp.