Shares of Galaxy Resources Limited (OTCMKTS:GALXF – Get Free Report) crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $3.57 and traded as low as $3.38. Galaxy Resources shares last traded at $3.57, with a volume of 3,700 shares trading hands.
Galaxy Resources Stock Performance
The stock has a 50-day moving average price of $3.57 and a 200-day moving average price of $3.57.
Galaxy Resources Company Profile
Galaxy Resources Limited was an Australian lithium mining and development company focused on producing and advancing lithium resources for the battery and energy-storage markets. Its principal products included spodumene concentrate and lithium carbonate.
The company operated the Mount Cattlin spodumene mine in Western Australia and developed the Sal de Vida lithium brine project in Argentina. Galaxy also advanced the James Bay lithium project in Quebec, Canada, expanding its geographic presence across Australia, South America and North America.
In 2021, Galaxy Resources merged with Orocobre Limited to form Allkem Limited.
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