Shares of Pilbara Minerals Limited (OTCMKTS:PILBF – Get Free Report) fell 3.8% during trading on Friday . The stock traded as low as $2.86 and last traded at $2.9150. 79,948 shares changed hands during trading, a decline of 19% from the average session volume of 98,497 shares. The stock had previously closed at $3.03.
Pilbara Minerals Stock Performance
The firm’s 50-day simple moving average is $2.93 and its 200-day simple moving average is $2.08.
Pilbara Minerals Company Profile
Pilbara Minerals (OTCMKTS:PILBF) is an Australia-based mining and exploration company focused on the development and production of lithium and tantalum resources. The company’s core activity centers on sustainable extraction of spodumene concentrate, a key feedstock for the global lithium-ion battery industry. Pilbara Minerals maintains its principal listing on the Australian Securities Exchange (ASX: PLS) and operates an American Depositary Receipt (ADR) program on the OTC Markets under the ticker PILBF.
The company’s flagship operation is the Pilgangoora Lithium-Tantalum Project, situated in the Pilbara region of Western Australia.
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