Bradda Head Lithium (LON:BHL) Trading Down 2.3% – Here’s Why

Bradda Head Lithium Limited (LON:BHL)’s stock price fell 2.3% during mid-day trading on Wednesday . The stock traded as low as GBX 1.30 ($0.02) and last traded at GBX 1.37 ($0.02). 500,073 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 384,412 shares. The stock had previously closed at GBX 1.40 ($0.02).

Bradda Head Lithium Stock Performance

The stock has a market cap of £4.03 million, a PE ratio of 401.95 and a beta of -0.32. The stock has a fifty day moving average price of GBX 1.03 and a 200 day moving average price of GBX 1.03.

Bradda Head Lithium Company Profile

Bradda Head Lithium Ltd. is a North America-focused lithium development group. The Company currently has interests in a variety of projects, the most advanced of which are in Central and Western Arizona: The Basin Project (Basin East Project, and the Basin West Project) and the Wikieup Project.

The Basin East Project has an estimated an Inferred Mineral Resource (JORC) of 42.6 Mt of lithium bearing clays at an average grade of 818 ppm of lithium for 185,000 tonnes of lithium carbonate equivalent (LCE).