Shares of Bradda Head Lithium Limited (LON:BHL – Get Free Report) dropped 7.5% during mid-day trading on Tuesday. The stock traded as low as GBX 1.40 and last traded at GBX 1.48. Approximately 1,587,445 shares changed hands during mid-day trading, an increase of 30% from the average daily volume of 1,221,208 shares. The stock had previously closed at GBX 1.60.
Bradda Head Lithium Stock Down 4.8%
The firm’s 50-day simple moving average is GBX 1.92 and its 200 day simple moving average is GBX 2.24. The company has a debt-to-equity ratio of 7.25, a quick ratio of 9.53 and a current ratio of 5.32. The stock has a market capitalization of £7.98 million, a P/E ratio of -1.87 and a beta of 0.46.
Bradda Head Lithium Company Profile
Bradda Head Lithium Ltd. is a North America-focused lithium development group. The Company currently has interests in a variety of projects, the most advanced of which are in Central and Western Arizona: The Basin Project (Basin East Project, and the Basin West Project) and the Wikieup Project.
The Basin East Project has an estimated an Inferred Mineral Resource (JORC) of 42.6 Mt of lithium bearing clays at an average grade of 818 ppm of lithium for 185,000 tonnes of lithium carbonate equivalent (LCE).
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