Millennial Lithium (CVE:ML) Trading 2% Higher – Should You Buy?

Millennial Lithium Corp. (CVE:ML) shares traded up 2% on Thursday . The stock traded as high as C$4.06 and last traded at C$4.04. 832,799 shares were traded during trading, an increase of 4% from the average session volume of 798,871 shares. The stock had previously closed at C$3.96.

Millennial Lithium Stock Up 2.0%

The company has a debt-to-equity ratio of 0.12, a current ratio of 38.93 and a quick ratio of 38.73. The stock’s fifty day simple moving average is C$4.04 and its 200-day simple moving average is C$4.04. The stock has a market cap of C$395.36 million and a P/E ratio of -20.20.

About Millennial Lithium

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.