Millennial Lithium (CVE:ML) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Millennial Lithium Corp. (CVE:MLGet Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$4.04 and traded as low as C$3.63. Millennial Lithium shares last traded at C$4.04, with a volume of 832,799 shares trading hands.

Millennial Lithium Stock Up 2.0 %

The firm’s 50 day simple moving average is C$4.04 and its 200-day simple moving average is C$4.04. The company has a market cap of C$395.36 million and a price-to-earnings ratio of -20.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 38.93 and a quick ratio of 38.73.

About Millennial Lithium

(Get Free Report)

Millennial Lithium Corp. engages in the acquisition, exploration, and development of lithium mineral properties. It primarily holds a 100% interest in the Pastos Grandes Lithium project located in Salta, Argentina. The company was formerly known as Redhill Resources Corp. and changed its name to Millennial Lithium Corp.

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