Century Lithium (CVE:LCE) Shares Up 28.8% – What’s Next?

Century Lithium Corp. (CVE:LCE)’s stock price rose 28.8% during mid-day trading on Friday . The stock traded as high as C$0.39 and last traded at C$0.38. Approximately 565,262 shares traded hands during mid-day trading, an increase of 317% from the average daily volume of 135,417 shares. The stock had previously closed at C$0.30.

Century Lithium Stock Performance

The business has a fifty day moving average of C$0.29 and a two-hundred day moving average of C$0.29. The firm has a market capitalization of C$62.81 million, a price-to-earnings ratio of -19.00 and a beta of 1.38.

Insider Buying and Selling at Century Lithium

In other news, Director James Gaydon Pettit sold 100,000 shares of the stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of C$0.31, for a total value of C$31,000.00. Following the transaction, the director directly owned 837,100 shares of the company’s stock, valued at C$259,501. This represents a 10.67% decrease in their ownership of the stock. 4.25% of the stock is owned by insiders.

Century Lithium Company Profile

Century Lithium Corp. engages in the acquisition, exploration, evaluation, and development of resource properties in the United States. It primarily explores for lithium. The company holds 100% interests in Clayton Valley project located in southwest Nevada; Dean lithium property in Clayton Valley, Nevada; Glory lithium property in Clayton Valley; and Gunman Project, White Pine Claims, Nevada, as well as interest in Enertopia Project. Century Lithium Corp. was formerly known as Cypress Development Corp.