Century Lithium (CVE:LCE) Shares Up 28.8% – Time to Buy?

Century Lithium Corp. (CVE:LCE) shares were up 28.8% on Friday . The stock traded as high as C$0.39 and last traded at C$0.38. Approximately 565,262 shares changed hands during trading, an increase of 317% from the average daily volume of 135,417 shares. The stock had previously closed at C$0.30.

Century Lithium Stock Performance

The company has a market capitalization of C$62.81 million, a price-to-earnings ratio of -19.00 and a beta of 1.38. The business has a 50-day simple moving average of C$0.29 and a two-hundred day simple moving average of C$0.29.

Insider Transactions at Century Lithium

In other Century Lithium news, Director James Gaydon Pettit sold 100,000 shares of the business’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of C$0.31, for a total transaction of C$31,000.00. Following the sale, the director directly owned 837,100 shares in the company, valued at approximately C$259,501. The trade was a 10.67% decrease in their ownership of the stock. Company insiders own 4.25% of the company’s stock.

Century Lithium Company Profile

Century Lithium Corp. engages in the acquisition, exploration, evaluation, and development of resource properties in the United States. It primarily explores for lithium. The company holds 100% interests in Clayton Valley project located in southwest Nevada; Dean lithium property in Clayton Valley, Nevada; Glory lithium property in Clayton Valley; and Gunman Project, White Pine Claims, Nevada, as well as interest in Enertopia Project. Century Lithium Corp. was formerly known as Cypress Development Corp.