Lithium ION Energy (CVE:ION) Stock Crosses Below 200-Day Moving Average – Here’s Why

Lithium ION Energy Ltd. (CVE:IONGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.05 and traded as low as C$0.04. Lithium ION Energy shares last traded at C$0.04, with a volume of 5,220 shares trading hands.

Lithium ION Energy Stock Down 11.1 %

The firm has a market capitalization of C$2.62 million, a price-to-earnings ratio of -1.33 and a beta of 1.45. The business has a 50-day moving average of C$0.05 and a two-hundred day moving average of C$0.05.

About Lithium ION Energy

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Lithium ION Energy Ltd. engages in the acquisition and exploration of mineral properties in Asia. It primarily explores for lithium deposits. Its flagship property is the Baavhai-Uul lithium brine project that covers an area approximately 63,000 hectares located in Mongolia. The company was formerly known as Ion Energy Ltd.

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