Lithium Ionic (CVE:LTH) Trading 11.4% Higher – Still a Buy?

Lithium Ionic Corp. (CVE:LTHGet Free Report)’s stock price rose 11.4% during trading on Wednesday . The company traded as high as C$0.85 and last traded at C$0.78. 850,699 shares changed hands during mid-day trading, an increase of 70% from the average daily volume of 500,136 shares. The stock had previously closed at C$0.70.

Lithium Ionic Price Performance

The stock has a market capitalization of C$175.60 million, a P/E ratio of -29.67 and a beta of 1.68. The company’s 50 day simple moving average is C$1.01 and its two-hundred day simple moving average is C$1.04.

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