Lithium Ionic Corp. (CVE:LTH – Get Free Report) shares fell 7% during mid-day trading on Monday. The company traded as low as C$0.43 and last traded at C$0.47. Approximately 501,355 shares were traded during trading, an increase of 15% from the average daily volume of 434,197 shares. The stock had previously closed at C$0.50.
Lithium Ionic Price Performance
The firm has a market capitalization of C$89.77 million, a P/E ratio of -9.10 and a beta of 1.87. The firm has a 50-day moving average price of C$0.57 and a two-hundred day moving average price of C$0.77.
Insider Buying and Selling at Lithium Ionic
In other Lithium Ionic news, Director John Stephen Morris Turner acquired 65,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average cost of C$0.61 per share, with a total value of C$39,650.00. Following the completion of the acquisition, the director directly owned 245,000 shares in the company, valued at C$149,450. This represents a 36.11% increase in their position. Also, insider Michael Thomas Westendorf acquired 45,490 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average cost of C$0.66 per share, for a total transaction of C$30,023.40. Following the transaction, the insider owned 267,712 shares of the company’s stock, valued at C$176,689.92. This represents a 20.47% increase in their ownership of the stock. Over the last quarter, insiders acquired 240,490 shares of company stock worth $148,673.
Lithium Ionic Corp. is a materials company in the Diversified Metals & Mining industry.
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