Shares of Galaxy Resources Limited (OTCMKTS:GALXF – Get Free Report) crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $3.57 and traded as low as $3.38. Galaxy Resources shares last traded at $3.57, with a volume of 3,700 shares trading hands.
Galaxy Resources Price Performance
The company has a 50-day simple moving average of $3.57 and a 200-day simple moving average of $3.57.
Galaxy Resources Company Profile
Galaxy Resources Limited was an Australian lithium mining and development company focused on producing lithium compounds used in rechargeable batteries, electric vehicles and energy-storage systems. Its principal operating asset was the Mount Cattlin spodumene mine in Western Australia, which supplied lithium concentrate to international customers.
The company also developed the Sal de Vida lithium brine project in Argentina and the James Bay lithium pegmatite project in Quebec, Canada.
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