Century Lithium (CVE:LCE) Stock Price Down 10.3% – Here’s Why

Century Lithium Corp. (CVE:LCE) dropped 10.3% during mid-day trading on Monday . The company traded as low as C$0.49 and last traded at C$0.52. Approximately 354,826 shares changed hands during mid-day trading, an increase of 16% from the average daily volume of 306,074 shares. The stock had previously closed at C$0.58.

Century Lithium Trading Up 3.9%

The business’s fifty day moving average price is C$0.35 and its two-hundred day moving average price is C$0.31. The firm has a market cap of C$87.60 million, a P/E ratio of -26.50 and a beta of 1.28.

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.