Millennial Lithium (CVE:ML) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Shares of Millennial Lithium Corp. (CVE:ML) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$4.04 and traded as low as C$3.63. Millennial Lithium shares last traded at C$4.04, with a volume of 832,799 shares.

Millennial Lithium Stock Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 38.93 and a quick ratio of 38.73. The company has a 50 day simple moving average of C$4.04 and a 200-day simple moving average of C$4.04. The stock has a market cap of C$395.36 million and a P/E 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.