Century Lithium (CVE:LCE) Stock Price Down 7.1% – Here’s Why

Century Lithium Corp. (CVE:LCE)’s stock price dropped 7.1% during mid-day trading on Thursday . The company traded as low as C$0.50 and last traded at C$0.52. Approximately 421,830 shares changed hands during mid-day trading, an increase of 68% from the average daily volume of 251,033 shares. The stock had previously closed at C$0.56.

Century Lithium Trading Down 1.9%

The stock has a market capitalization of C$84.30 million, a P/E ratio of -25.50 and a beta of 1.20. The stock’s 50 day simple moving average is C$0.49 and its 200 day simple moving average is C$0.35.

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. Century Lithium Corp. was formerly known as Cypress Development Corp.