Millennial Lithium (CVE:ML) Trading Up 2% – Still a Buy?

Millennial Lithium Corp. (CVE:ML) shares shot up 2% during trading on Friday . The stock traded as high as C$4.06 and last traded at C$4.04. 832,799 shares traded hands during trading, an increase of 4% from the average session volume of 798,871 shares. The stock had previously closed at C$3.96.

Millennial Lithium Trading Up 2.0%

The stock has a fifty day simple moving average of C$4.04 and a 200 day simple moving average of C$4.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 38.73 and a current ratio of 38.93. The firm has a market cap of C$395.36 million and a P/E ratio of -20.20.

Millennial Lithium Company Profile

Millennial Lithium Corp. engages in the acquisition, exploration, and development of lithium mineral properties. It primarily holds a 100% interest in the Pastos Grandes Lithium project located in Salta, Argentina. The company was formerly known as Redhill Resources Corp. and changed its name to Millennial Lithium Corp. in June 2016. The company was incorporated in 2005 and is headquartered in West Vancouver, Canada.