Lithium Ionic (CVE:LTH) Trading Down 6.3% – Should You Sell?

Shares of Lithium Ionic Corp. (CVE:LTH) dropped 6.3% on Thursday . The stock traded as low as C$1.30 and last traded at C$1.33. Approximately 547,638 shares were traded during mid-day trading, an increase of 34% from the average daily volume of 410,041 shares. The stock had previously closed at C$1.42.

Lithium Ionic Stock Down 41.4%

The company has a 50-day simple moving average of C$1.07 and a two-hundred day simple moving average of C$0.96. The stock has a market cap of C$135.52 million, a P/E ratio of -78.00 and a beta of 1.65.