Sayona Mining (OTCMKTS:SYAXF) Shares Down 3.4% – Time to Sell?

Sayona Mining Limited (OTCMKTS:SYAXFGet Free Report)’s share price fell 3.4% on Monday . The stock traded as low as $5.0250 and last traded at $5.0250. 150,368 shares were traded during mid-day trading, an increase of 955% from the average daily volume of 14,248 shares. The stock had previously closed at $5.20.

Sayona Mining Trading Down 1.0%

The company has a 50 day simple moving average of $6.98 and a 200-day simple moving average of $6.58.

Sayona Mining Company Profile

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Sayona Mining Inc (OTCMKTS:SYAXF) is a mineral exploration and development company focused on advancing high-grade lithium projects in North America and Australia. The company’s principal activities include the exploration, evaluation and development of lithium deposits to supply the growing demand for lithium-ion batteries in electric vehicles and energy storage systems. Sayona aims to establish a vertically integrated supply chain for lithium concentrate production and downstream processing.

In Canada, Sayona Mining controls several key projects in the province of Quebec, including the fully permitted Authier Lithium Project and the Moblan Lithium Project near the James Bay region.

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