Millennial Lithium (CVE:ML) Stock Price Passes Below 50 Day Moving Average of $4.04

Millennial Lithium Corp. (CVE:ML)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$4.04 and traded as low as C$3.63. Millennial Lithium shares last traded at C$4.04, with a volume of 832,799 shares changing hands.

Millennial Lithium Price Performance

The stock has a market capitalization of C$395.36 million and a PE ratio of -20.20. The business’s 50-day moving average price is C$4.04 and its 200 day moving average price is C$4.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 38.73 and a current ratio of 38.93.

Millennial Lithium Company Profile

Millennial Lithium Corp. engages in the acquisition, exploration, and development of lithium mineral properties. It primarily holds a 100% interest in the Pastos Grandes Lithium project located in Salta, Argentina. The company was formerly known as Redhill Resources Corp. and changed its name to Millennial Lithium Corp.