Bacanora Lithium (LON:BCN) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Bacanora Lithium Plc (LON:BCNGet Free Report)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 67 ($0.87) and traded as low as GBX 67 ($0.87). Bacanora Lithium shares last traded at GBX 67 ($0.87), with a volume of 238,939 shares traded.

Bacanora Lithium Trading Down 0.4 %

The business’s fifty day simple moving average is GBX 67 and its 200 day simple moving average is GBX 67. The company has a current ratio of 36.64, a quick ratio of 36.64 and a debt-to-equity ratio of 18.44. The stock has a market cap of £259.38 million and a P/E ratio of 8.70.

Bacanora Lithium Company Profile

(Get Free Report)

Bacanora Lithium Plc, a development stage mining company, engages in the identification, acquisition, exploration, and development of mineral properties. The company primarily explores for battery grade lithium carbonates. Its flagship project is the Sonora lithium project, which consists of 10 mining concessions covering approximately 100,000 hectares located in the northeast of Sonora State in Mexico.

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