Millennial Lithium (CVE:ML) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Millennial Lithium Corp. (CVE:ML)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

Millennial Lithium Stock Up 2.0 %

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

Millennial Lithium Company Profile

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.