Shares of Bearing Lithium Corp. (CVE:BRZ – Get Free Report) were up 1.8% during mid-day trading on Wednesday. The stock traded as high as C$0.28 and last traded at C$0.28. Approximately 19,000 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 87,062 shares. The stock had previously closed at C$0.28.
Bearing Lithium Stock Performance
The company has a debt-to-equity ratio of 0.35, a quick ratio of 22.04 and a current ratio of 22.40. The firm has a market cap of C$31.08 million and a P/E ratio of 1.24. The business’s 50-day simple moving average is C$0.29 and its 200 day simple moving average is C$0.28.
Bearing Lithium Company Profile
Bearing Lithium Corp. operates as a lithium-focused mineral exploration and development company. The company primarily explores for lithium and potassium deposits. It owns 17.14% in the Maricunga lithium brine project that comprises 4,463 hectares of old code and new code tenements covering a portion of the Maricunga Salar in northern Chile. The company is based in Vancouver, Canada. As of December 22, 2022, Bearing Lithium Corp. operates as a subsidiary of Lithium Power International Limited.
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