Galaxy Resources (OTCMKTS:GALXF) Shares Down 1.9% – Here’s What Happened

Galaxy Resources Limited (OTCMKTS:GALXF – Get Free Report) shares dropped 1.9% during trading on Thursday. The company traded as low as $3.38 and last traded at $3.57. Approximately 3,700 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 74,379 shares. The stock had previously closed at $3.6375.

Galaxy Resources Stock Performance

The company has a 50 day moving average of $3.57 and a 200 day moving average of $3.57.

About Galaxy Resources

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Galaxy Resources Limited was an Australian lithium mining and development company focused on producing lithium concentrates and developing lithium chemicals for use in electric vehicle batteries, energy storage systems and other industrial applications. Its principal operating asset was the Mt Cattlin spodumene mine in Western Australia, which produced lithium concentrate for export. The company also developed the Sal de Vida lithium brine project in Argentina and the James Bay lithium project in Quebec, Canada.

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