Galaxy Resources (OTCMKTS:GALXF) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Galaxy Resources Limited (OTCMKTS:GALXF) crossed below its 50 day moving average during trading on Friday . 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 traded.

Galaxy Resources Stock Performance

The business’s fifty day moving average price is $3.57 and its 200-day moving average price is $3.57.

About Galaxy Resources

Galaxy Resources Limited is an Australia-based lithium mining and development company focused on delivering sustainable sources of high-grade lithium for the electric vehicle and battery storage markets. The company’s core operations have historically centered on the Mt Cattlin spodumene mine in Western Australia, which has produced battery-grade lithium concentrate since 2010. Through exploration and production activities, Galaxy Resources has positioned itself as a supplier of critical raw materials essential to the global transition toward cleaner energy technologies.

In addition to its established Australian mining operation, Galaxy Resources has pursued the development of the Sal de Vida lithium and potash brine project in Argentina’s Lithium Triangle.