Ultra Lithium Inc (CVE:ULI) shares hit a new 52-week low on Tuesday . The stock traded as low as C$0.15 and last traded at C$0.15, with a volume of 9000 shares. The stock had previously closed at C$0.16.

Separately, Fundamental Research set a C$0.49 target price on shares of Ultra Lithium and gave the stock a “buy” rating in a report on Friday, August 17th.

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About Ultra Lithium (CVE:ULI)

Ultra Lithium Inc, an exploration stage company, engages in the acquisition, exploration, and development of lithium properties. It holds a 100% interest in the La Borita Brine Lithium project, which comprises 4 mineral claims covering approximately 3,000 hectares located within the Lithium Triangle of Argentina, Chile, and Bolivia; the South Big Smoky Valley Brine Lithium project that consists of 659 mineral claims covering 12,500 hectares of land located in Clayton Valley, Nevada; the Georgia Lake property, which comprises 16 mineral claims covering 2,416 hectares of land located in the Thunder Bay Mining Division, Ontario; and the Forgan Lake lithium property, which comprises approximately 256 hectares land in 16 units located in the Thunder Bay mining district in Northwestern Ontario, Canada.

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