Pilbara Minerals Limited (OTCMKTS:PILBF – Get Free Report) was up 3.1% on Wednesday. The stock traded as high as $2.8250 and last traded at $2.73. 4,022 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 12,109 shares. The stock had previously closed at $2.6490.
Pilbara Minerals Price Performance
The stock has a 50 day moving average price of $3.25 and a 200-day moving average price of $3.65.
Pilbara Minerals Company Profile
Pilbara Minerals Ltd. is an Australian lithium producer focused on the exploration, development and operation of lithium projects. The company’s principal asset is the Pilgangoora Operation in Western Australia’s Pilbara region, one of the world’s significant hard-rock lithium deposits.
Pilgangoora produces spodumene concentrate, a key raw material used to manufacture lithium chemicals for rechargeable batteries and electric vehicles. The operation also produces tantalite as a by-product.
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