Millennial Lithium Corp. (CVE:ML – Get Free Report) shares shot up 2% during mid-day trading on Monday . The company traded as high as C$4.06 and last traded at C$4.04. 832,799 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 798,871 shares. The stock had previously closed at C$3.96.
Millennial Lithium Stock Performance
The stock has a market cap of C$395.36 million and a price-to-earnings ratio of -20.20. 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’s 50 day simple moving average is C$4.04 and its 200 day simple moving average is C$4.04.
About Millennial Lithium
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. in June 2016. The company was incorporated in 2005 and is headquartered in West Vancouver, Canada.
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