Millennial Lithium (CVE:ML) Stock Passes Above 200-Day Moving Average – Here’s Why

Millennial Lithium Corp. (CVE:MLGet Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.04 and traded as high as C$4.06. Millennial Lithium shares last traded at C$4.04, with a volume of 832,799 shares trading hands.

Millennial Lithium Trading Up 2.0 %

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

About Millennial Lithium

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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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