Bradda Head Lithium (LON:BHL) Stock Price Down 11.1% – Time to Sell?

Bradda Head Lithium Limited (LON:BHL)’s stock price dropped 11.1% on Thursday . The stock traded as low as GBX 0.80 and last traded at GBX 0.80. Approximately 11,838,930 shares traded hands during mid-day trading, an increase of 295% from the average daily volume of 3,000,904 shares. The stock had previously closed at GBX 0.90.

Bradda Head Lithium Price Performance

The stock’s 50-day moving average is GBX 1.12 and its 200 day moving average is GBX 1.10. The stock has a market cap of £3.12 million, a price-to-earnings ratio of -3.85 and a beta of -0.32.

Bradda Head Lithium Company Profile

Bradda Head Lithium Ltd. is a North America-focused lithium development group. The Company currently has interests in a variety of projects, the most advanced of which are in Central and Western Arizona: The Basin Project (Basin East Project, and the Basin West Project) and the Wikieup Project.

The Basin East Project has an estimated an Inferred Mineral Resource (JORC) of 42.6 Mt of lithium bearing clays at an average grade of 818 ppm of lithium for 185,000 tonnes of lithium carbonate equivalent (LCE).