Liontown Resources (OTCMKTS:LINRF) Stock Price Up 7.4% – Still a Buy?

Liontown Resources Limited (OTCMKTS:LINRF) rose 7.4% on Monday . The company traded as high as C$1.63 and last traded at C$1.63. Approximately 13,010 shares traded hands during trading, a decline of 18% from the average daily volume of 15,946 shares. The stock had previously closed at C$1.52.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group set a $1.75 price objective on Liontown Resources and gave the company a “neutral” rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Liontown Resources Price Performance

The stock has a 50 day simple moving average of C$1.59 and a 200 day simple moving average of C$1.33.

Liontown Resources Company Profile

Liontown Resources Limited is an Australia-based mineral exploration and development company focused on the discovery and advancement of lithium projects for the global battery market. The company’s principal asset is the Kathleen Valley lithium project in the Eastern Goldfields region of Western Australia, where it is advancing a large-scale hard-rock lithium deposit toward production of spodumene concentrate. Liontown’s project portfolio also includes several early-stage tenements in the region that complement its flagship development site.

At Kathleen Valley, Liontown has completed extensive drilling campaigns and technical studies to define a significant mineral resource and to support engineering and environmental approvals.