Bradda Head Lithium (LON:BHL) Shares Up 11.1% – Here’s Why

Bradda Head Lithium Limited (LON:BHL)’s stock price rose 11.1% during mid-day trading on Wednesday . The stock traded as high as GBX 1.50 and last traded at GBX 1.50. Approximately 202,507 shares were traded during trading, a decline of 67% from the average daily volume of 609,805 shares. The stock had previously closed at GBX 1.35.

Bradda Head Lithium Stock Up 11.1%

The company has a fifty day simple moving average of GBX 1.31 and a 200-day simple moving average of GBX 1.10. The firm has a market cap of £5.86 million, a P/E ratio of 5.84 and a beta of -0.32.

Bradda Head Lithium Company Profile

Bradda Head Lithium Ltd. is a North America-focused lithium development group. The Company currently has interests in a variety of projects, the most advanced of which are in Central and Western Arizona: The Basin Project (Basin East Project, and the Basin West Project) and the Wikieup Project.

The Basin East Project has an estimated an Inferred Mineral Resource (JORC) of 42.6 Mt of lithium bearing clays at an average grade of 818 ppm of lithium for 185,000 tonnes of lithium carbonate equivalent (LCE).