Millennial Lithium (CVE:ML) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Millennial Lithium Corp. (CVE:ML)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$4.04 and traded as high as C$4.06. Millennial Lithium shares last traded at C$4.04, with a volume of 832,799 shares changing hands.

Millennial Lithium Stock Up 2.0 %

The business’s 50 day simple moving average is C$4.04 and its 200-day simple moving average is C$4.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 38.73 and a current ratio of 38.93. The company has a market cap of C$395.36 million and a price-to-earnings ratio of -20.20.

Millennial Lithium Company Profile

Millennial Lithium Corp. engages in the acquisition, exploration, and development of lithium mineral properties. It primarily holds a 100% interest in the Pastos Grandes Lithium project located in Salta, Argentina. The company was formerly known as Redhill Resources Corp. and changed its name to Millennial Lithium Corp.