Bradda Head Lithium (LON:BHL) Trading 10.1% Higher – Here’s Why

Bradda Head Lithium Limited (LON:BHL)’s share price traded up 10.1% during mid-day trading on Monday . The stock traded as high as GBX 2.50 and last traded at GBX 2.50. 2,020,049 shares traded hands during trading, an increase of 37% from the average session volume of 1,478,326 shares. The stock had previously closed at GBX 2.27.

Bradda Head Lithium Trading Up 16.7%

The company has a market capitalization of £10.35 million, a price-to-earnings ratio of -12.74 and a beta of 0.20. The company’s 50 day simple moving average is GBX 1.48 and its 200-day simple moving average is GBX 1.35.

Bradda Head Lithium Company Profile

Bradda Head Lithium Ltd. is a North America-focused lithium development group. The Company currently has interests in a variety of projects, the most advanced of which are in Central and Western Arizona: The Basin Project (Basin East Project, and the Basin West Project) and the Wikieup Project.

The Basin East Project has an estimated an Inferred Mineral Resource (JORC) of 42.6 Mt of lithium bearing clays at an average grade of 818 ppm of lithium for 185,000 tonnes of lithium carbonate equivalent (LCE).