Bradda Head Lithium (LON:BHL) Trading Down 17.1% – Here’s Why

Bradda Head Lithium Limited (LON:BHL – Get Free Report)’s stock price fell 17.1% during mid-day trading on Wednesday . The stock traded as low as GBX 2.60 and last traded at GBX 2.90. 3,883,566 shares were traded during trading, an increase of 109% from the average session volume of 1,858,767 shares. The stock had previously closed at GBX 3.50.

Bradda Head Lithium Trading Down 5.2%

The firm’s fifty day moving average price is GBX 1.72 and its 200-day moving average price is GBX 1.44. The company has a market cap of £10.74 million, a P/E ratio of -13.22 and a beta of 0.20.

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About Bradda Head Lithium

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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).

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