Millennial Lithium (CVE:ML) Trading 2% Higher – What’s Next?

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

Millennial Lithium Trading Up 2.0%

The firm has a market capitalization of C$395.36 million and a PE ratio of -20.20. 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 company has a fifty day moving average of C$4.04 and a 200-day moving average of C$4.04.

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. in June 2016. The company was incorporated in 2005 and is headquartered in West Vancouver, Canada.