Bradda Head Lithium (LON:BHL) Shares Down 2.5% – Here’s What Happened

Bradda Head Lithium Limited (LON:BHL – Get Free Report)’s share price traded down 2.5% during mid-day trading on Thursday . The stock traded as low as GBX 1.90 and last traded at GBX 1.90. Approximately 405,078 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 1,329,781 shares. The stock had previously closed at GBX 1.95.

Bradda Head Lithium Trading Down 2.5%

The firm’s 50 day moving average price is GBX 2.19 and its 200-day moving average price is GBX 2.19. The company has a debt-to-equity ratio of 7.25, a current ratio of 5.32 and a quick ratio of 9.53. The stock has a market cap of £10.84 million, a P/E ratio of -2.54 and a beta of 0.46.

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Bradda Head Lithium Company Profile

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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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