Stria Lithium (CVE:SRA) Shares Down 21.1% – Here’s Why

Stria Lithium Inc. (CVE:SRAGet Free Report)’s share price fell 21.1% during mid-day trading on Tuesday . The stock traded as low as C$0.56 and last traded at C$0.56. 195,448 shares traded hands during trading, an increase of 214% from the average session volume of 62,248 shares. The stock had previously closed at C$0.71.

Stria Lithium Stock Down 21.1%

The company’s 50-day simple moving average is C$0.44 and its 200 day simple moving average is C$0.30. The company has a market capitalization of C$22.07 million, a P/E ratio of -3.69 and a beta of 1.66.

About Stria Lithium

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Stria Lithium Inc engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for lithium deposits. Its flagship project is the 100% owned Pontax-Lithium that includes 68 contiguous mining claims covering an area of 3,613 hectares located in the west-central Eeyou Istchee James Bay Territory in Northern Quebec. The company was formerly known as Stria Capital Inc and changed its name to Stria Lithium Inc in April 2014. Stria Lithium Inc is headquartered in Kingston, Canada.

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