Bradda Head Lithium (LON:BHL) Stock Price Up 11.1% – Still a Buy?

Bradda Head Lithium Limited (LON:BHLGet Free Report) shares traded up 11.1% on Wednesday . The stock traded as high as GBX 1.50 and last traded at GBX 1.50. 202,507 shares were traded during trading, a decline of 67% from the average session volume of 609,805 shares. The stock had previously closed at GBX 1.35.

Bradda Head Lithium Stock Performance

The company has a market capitalization of £5.86 million, a P/E ratio of 5.84 and a beta of -0.32. The business’s fifty day simple moving average is GBX 1.31 and its 200-day simple moving average is GBX 1.10.

Bradda Head Lithium Company Profile

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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).

Further Reading

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