Stria Lithium (CVE:SRA) Trading 20% Higher – Still a Buy?

Shares of Stria Lithium Inc. (CVE:SRAGet Free Report) rose 20% on Monday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 65,955 shares were traded during mid-day trading, an increase of 298% from the average daily volume of 16,587 shares. The stock had previously closed at C$0.08.

Stria Lithium Price Performance

The firm has a fifty day simple moving average of C$0.06 and a 200 day simple moving average of C$0.07. The company has a market cap of C$3.24 million, a price-to-earnings ratio of -2.30 and a beta of 1.40.

Stria Lithium Company Profile

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Stria Lithium Inc engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for lithium deposits. Its flagship project is the 100% owned Pontax-Lithium that includes 68 contiguous mining claims covering an area of 3,613 hectares located in the west-central Eeyou Istchee James Bay Territory in Northern Quebec.

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