Pilbara Minerals (OTCMKTS:PILBF) Shares Up 7.6% – Should You Buy?

Pilbara Minerals Limited (OTCMKTS:PILBFGet Free Report)’s share price rose 7.6% during mid-day trading on Wednesday . The company traded as high as $2.69 and last traded at $2.69. Approximately 78,919 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 75,728 shares. The stock had previously closed at $2.50.

Analyst Ratings Changes

Several research firms recently commented on PILBF. Jefferies Financial Group downgraded shares of Pilbara Minerals to a “hold” rating in a research note on Monday, August 25th. UBS Group raised shares of Pilbara Minerals to a “neutral” rating in a report on Tuesday, August 26th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Pilbara Minerals presently has a consensus rating of “Hold”.

Read Our Latest Analysis on PILBF

Pilbara Minerals Stock Performance

The firm has a fifty day moving average price of $2.01 and a 200-day moving average price of $1.43.

About Pilbara Minerals

(Get Free Report)

Pilbara Minerals Limited engages in the exploration, development, and operation of mineral resources in Australia. The company primarily explores for lithium. It primarily holds a 100% interest in the Pilgangoora lithium-tantalum project located in the Pilbara region of Western Australia. The company was incorporated in 2005 and is based in West Perth, Australia.

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