Shares of Pilbara Minerals Limited (OTCMKTS:PILBF – Get Free Report) were down 4% during trading on Wednesday. The company traded as low as $2.00 and last traded at $2.05. Approximately 4,300 shares were traded during trading, a decline of 82% from the average session volume of 23,668 shares. The stock had previously closed at $2.1350.
Pilbara Minerals Trading Down 4.0%
The company has a 50 day simple moving average of $3.05 and a 200 day simple moving average of $3.55.
Pilbara Minerals Company Profile
Pilbara Minerals Limited is an Australian lithium producer focused on the exploration, development and operation of lithium assets. The company’s principal operation is the Pilgangoora Lithium-Tantalum Project in Western Australia’s Pilbara region, one of the world’s significant hard-rock lithium deposits.
Pilgangoora produces spodumene concentrate, a key feedstock used to manufacture lithium chemicals for rechargeable batteries, as well as tantalite concentrate. The operation combines the former Pilgangoora and Ngungaju projects, which were consolidated as part of the company’s development of an integrated mining and processing complex.
Pilbara Minerals supplies international customers across the battery-materials and chemical sectors, with its products primarily serving global markets in Asia and other regions.
See Also
- Five stocks we like better than Pilbara Minerals
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
Receive News & Ratings for Pilbara Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pilbara Minerals and related companies with MarketBeat.com's FREE daily email newsletter.
