Century Lithium (CVE:LCE) Shares Down 20.5% – What’s Next?

Century Lithium Corp. (CVE:LCE) was down 20.5% during mid-day trading on Monday . The company traded as low as C$0.29 and last traded at C$0.31. Approximately 720,101 shares changed hands during mid-day trading, an increase of 873% from the average daily volume of 73,991 shares. The stock had previously closed at C$0.39.

Century Lithium Price Performance

The business has a 50 day simple moving average of C$0.38 and a 200 day simple moving average of C$0.31. The company has a market capitalization of C$45.60 million, a price-to-earnings ratio of -13.66 and a beta of 1.30.

About Century Lithium

Century Lithium Corp. engages in the acquisition, exploration, evaluation, and development of resource properties in the United States. It primarily explores for lithium. The company holds 100% interests in Clayton Valley project located in southwest Nevada; Dean lithium property in Clayton Valley, Nevada; Glory lithium property in Clayton Valley; and Gunman Project, White Pine Claims, Nevada, as well as interest in Enertopia Project.