Galaxy Resources (OTCMKTS:GALXF) Shares Down 1.9% – What’s Next?

Galaxy Resources Limited (OTCMKTS:GALXF)’s stock price was down 1.9% during mid-day trading on Monday . The stock traded as low as $3.38 and last traded at $3.57. Approximately 3,700 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 74,379 shares. The stock had previously closed at $3.6375.

Galaxy Resources Stock Performance

The firm’s 50-day simple moving average is $3.57 and its 200 day simple moving average is $3.57.

About Galaxy Resources

Galaxy Resources Limited is an Australia-based lithium mining and development company focused on delivering sustainable sources of high-grade lithium for the electric vehicle and battery storage markets. The company’s core operations have historically centered on the Mt Cattlin spodumene mine in Western Australia, which has produced battery-grade lithium concentrate since 2010. Through exploration and production activities, Galaxy Resources has positioned itself as a supplier of critical raw materials essential to the global transition toward cleaner energy technologies.

In addition to its established Australian mining operation, Galaxy Resources has pursued the development of the Sal de Vida lithium and potash brine project in Argentina’s Lithium Triangle.