Bradda Head Lithium (LON:BHL) Trading 1.9% Higher – Still a Buy?

Shares of Bradda Head Lithium Limited (LON:BHLGet Free Report) were up 1.9% during trading on Thursday . The company traded as high as GBX 1 and last traded at GBX 0.97. Approximately 163,981 shares changed hands during trading, a decline of 72% from the average daily volume of 591,993 shares. The stock had previously closed at GBX 0.95.

Bradda Head Lithium Trading Up 5.3%

The firm’s fifty day simple moving average is GBX 1.26 and its two-hundred day simple moving average is GBX 1.11. The company has a market capitalization of £3.91 million, a price-to-earnings ratio of -4.81 and a beta of -0.32.

Bradda Head Lithium Company Profile

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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).

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