Pilbara Minerals (OTCMKTS:PILBF) Shares Up 7.6% – What’s Next?

Pilbara Minerals Limited (OTCMKTS:PILBF)’s share price shot up 7.6% on Wednesday . The stock traded as high as $2.69 and last traded at $2.69. 78,919 shares were traded during mid-day trading, an increase of 4% from the average session volume of 75,728 shares. The stock had previously closed at $2.50.

Wall Street Analysts Forecast Growth

PILBF has been the subject of a number of analyst reports. Jefferies Financial Group lowered Pilbara Minerals to a “hold” rating in a research note on Monday, August 25th. UBS Group raised Pilbara Minerals to a “neutral” rating in a research note on Tuesday, August 26th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Pilbara Minerals Stock Up 7.6%

The business’s fifty day simple moving average is $1.96 and its 200-day simple moving average is $1.41.

About Pilbara Minerals

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.