Pilbara Minerals Limited (OTCMKTS:PILBF – Get Free Report)’s share price rose 5.8% on Wednesday. The company traded as high as $2.0725 and last traded at $2.0725. Approximately 25,896 shares traded hands during trading, a decline of 20% from the average daily volume of 32,314 shares. The stock had previously closed at $1.9589.
Pilbara Minerals Stock Performance
The stock’s 50-day moving average price is $2.53 and its two-hundred day moving average price is $3.34.
Pilbara Minerals Company Profile
Pilbara Minerals Ltd. is an Australia-based lithium mining company focused on the exploration, development and production of hard-rock lithium resources. Its principal asset is the Pilgangoora lithium-tantalum operation in Western Australia’s Pilbara region, which the company describes as one of the world’s largest independent hard-rock lithium operations. Pilgangoora produces spodumene concentrate, a key feedstock used to manufacture lithium chemicals for rechargeable batteries, as well as tantalite concentrate.
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