Shares of Pilbara Minerals Limited (OTCMKTS:PILBF – Get Free Report) rose 3.1% during trading on Wednesday. The company traded as high as $2.8250 and last traded at $2.73. 4,022 shares changed hands during trading, a decline of 67% from the average daily volume of 12,109 shares. The stock had previously closed at $2.6490.
Pilbara Minerals Stock Up 3.1%
The firm’s 50 day moving average price is $3.25 and its two-hundred day moving average price is $3.65.
Pilbara Minerals Company Profile
Pilbara Minerals Ltd. is an Australian lithium producer focused on the exploration, development and operation of lithium projects. The company’s principal asset is the Pilgangoora Operation in Western Australia’s Pilbara region, one of the world’s significant hard-rock lithium deposits.
Pilgangoora produces spodumene concentrate, a key raw material used to manufacture lithium chemicals for rechargeable batteries and electric vehicles. The operation also produces tantalite as a by-product.
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