Dajin Lithium (CVE:DJI) Shares Pass Below 50 Day Moving Average – Should You Sell?

Dajin Lithium Corp. (CVE:DJI) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.75 and traded as low as C$0.75. Dajin Lithium shares last traded at C$0.75, with a volume of 4,569 shares changing hands.

Dajin Lithium Price Performance

The firm has a fifty day moving average of C$0.75 and a two-hundred day moving average of C$0.75. The company has a current ratio of 0.14, a quick ratio of 0.08 and a debt-to-equity ratio of 7.99. The company has a market capitalization of C$12.32 million and a PE ratio of -15.96.

Dajin Lithium Company Profile

Dajin Lithium Corp., together with its subsidiaries, primarily engages in the acquisition, exploration, and development of mineral properties in Canada, the United States, and Argentina. It explores for lithium, potash, and boron minerals. The company holds a 100% interest in Teels Marsh Project that covers 403 placer mineral claims covering an area of approximately 3,202 hectares located in the Teels Marsh valley of Mineral County, Nevada; and Alkali Lake project, which includes 62 placer mineral claims situated in the Alkali Spring valley of Esmeralda county, Nevada.