Millennial Lithium (CVE:ML) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Millennial Lithium Corp. (CVE:MLGet Free Report) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$4.04 and traded as low as C$3.62. Millennial Lithium shares last traded at C$4.04, with a volume of 832,799 shares traded.

Millennial Lithium Trading Up 2.0%

The company has a market cap of C$395.36 million and a PE ratio of -20.20. The stock’s 50 day moving average is C$4.04 and its 200-day moving average is C$4.04. The company has a quick ratio of 38.73, a current ratio of 38.93 and a debt-to-equity ratio of 0.12.

About Millennial Lithium

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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.

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