Bradda Head Lithium (LON:BHL) Trading Down 6.5% – Time to Sell?

Bradda Head Lithium Limited (LON:BHL)’s share price dropped 6.5% on Wednesday . The stock traded as low as GBX 1.50 and last traded at GBX 1.59. Approximately 354,256 shares changed hands during trading, a decline of 94% from the average daily volume of 5,802,025 shares. The stock had previously closed at GBX 1.70.

Bradda Head Lithium Price Performance

The stock has a 50 day moving average of GBX 1.10 and a 200 day moving average of GBX 1.12. The firm has a market cap of £6.21 million, a P/E ratio of -7.64 and a beta of -0.32.

About Bradda Head Lithium

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).