Lithium Ionic (CVE:LTH) Shares Down 1.1% – Here’s What Happened

Lithium Ionic Corp. (CVE:LTH) shares traded down 1.1% during mid-day trading on Tuesday. The company traded as low as C$0.43 and last traded at C$0.44. 65,612 shares were traded during trading, a decline of 84% from the average session volume of 414,246 shares. The stock had previously closed at C$0.45.

Lithium Ionic Stock Performance

The firm has a 50 day simple moving average of C$0.51 and a 200 day simple moving average of C$0.80. The firm has a market cap of C$81.88 million, a P/E ratio of -8.30 and a beta of 1.68.

Insider Buying and Selling

In other news, Director Ian Pritchard purchased 50,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were purchased at an average cost of C$0.54 per share, with a total value of C$27,000.00. Following the completion of the acquisition, the director owned 60,000 shares in the company, valued at C$32,400. This represents a 500.00% increase in their position. Also, Director John Stephen Morris Turner purchased 65,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average cost of C$0.61 per share, for a total transaction of C$39,650.00. Following the completion of the acquisition, the director owned 245,000 shares of the company’s stock, valued at approximately C$149,450. This represents a 36.11% increase in their position. In the last ninety days, insiders have bought 240,490 shares of company stock valued at $148,673.

Lithium Ionic Corp. is a materials company in the Diversified Metals & Mining industry.