Shares of Sayona Mining Limited (OTCMKTS:SYAXF – Get Free Report) dropped 7.2% on Tuesday . The company traded as low as $8.68 and last traded at $8.80. Approximately 102,451 shares traded hands during trading, an increase of 652% from the average daily volume of 13,624 shares. The stock had previously closed at $9.48.
Sayona Mining Stock Performance
The stock’s 50 day moving average is $6.10 and its two-hundred day moving average is $4.95.
Sayona Mining Company Profile
Sayona Mining Inc (OTCMKTS:SYAXF) is a mineral exploration and development company focused on advancing high-grade lithium projects in North America and Australia. The company’s principal activities include the exploration, evaluation and development of lithium deposits to supply the growing demand for lithium-ion batteries in electric vehicles and energy storage systems. Sayona aims to establish a vertically integrated supply chain for lithium concentrate production and downstream processing.
In Canada, Sayona Mining controls several key projects in the province of Quebec, including the fully permitted Authier Lithium Project and the Moblan Lithium Project near the James Bay region.
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