Bradda Head Lithium (LON:BHL) Stock Falls 7.5% – Here’s What Happened

Bradda Head Lithium Limited (LON:BHL – Get Free Report)’s stock price was down 7.5% during mid-day trading on Tuesday. The company traded as low as GBX 1.40 and last traded at GBX 1.48. Approximately 1,587,445 shares changed hands during trading, an increase of 30% from the average daily volume of 1,221,208 shares. The stock had previously closed at GBX 1.60.

Bradda Head Lithium Stock Performance

The stock has a market cap of £8.44 million, a PE ratio of -1.98 and a beta of 0.46. The company has a fifty day moving average price of GBX 1.95 and a 200 day moving average price of GBX 2.23. The company has a quick ratio of 9.53, a current ratio of 5.32 and a debt-to-equity ratio of 7.25.

About Bradda Head Lithium

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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).

Further Reading

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