Pilbara Minerals (OTCMKTS:PILBF) Trading Down 3.5%

Pilbara Minerals Limited (OTCMKTS:PILBF)’s share price traded down 3.5% during trading on Monday . The company traded as low as $2.77 and last traded at $2.79. 109,893 shares were traded during trading, a decline of 43% from the average session volume of 193,325 shares. The stock had previously closed at $2.89.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut Pilbara Minerals from a “buy” rating to a “neutral” rating in a research note on Monday, August 28th.

Pilbara Minerals Stock Performance

The company has a fifty day simple moving average of $3.18 and a two-hundred day simple moving average of $2.99.

Pilbara Minerals Company Profile

Pilbara Minerals Limited engages in the exploration, development, and operation of mineral resources in Australia. The company primarily explores for lithium. It primarily holds a 100% interest in the Pilgangoora lithium-tantalum project located in the Pilbara region of Western Australia. The company was incorporated in 2005 and is based in West Perth, Australia.