Bradda Head Lithium (LON:BHL) Shares Down 13.3% – Here’s Why

Bradda Head Lithium Limited (LON:BHL) shares were down 13.3% during trading on Wednesday . The stock traded as low as GBX 1.80 and last traded at GBX 1.95. 3,880,826 shares traded hands during mid-day trading, an increase of 162% from the average daily volume of 1,480,548 shares. The stock had previously closed at GBX 2.25.

Bradda Head Lithium Trading Up 7.3%

The company has a market capitalization of £8.59 million, a P/E ratio of -10.58 and a beta of 0.46. The stock’s fifty day moving average is GBX 2.60 and its 200 day moving average is GBX 2.07.

Bradda Head Lithium Company Profile

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).