Century Lithium (CVE:LCE) Trading Up 27.1% – Here’s Why

Century Lithium Corp. (CVE:LCE) shares shot up 27.1% during trading on Friday . The company traded as high as C$0.39 and last traded at C$0.38. 517,062 shares traded hands during mid-day trading, an increase of 282% from the average session volume of 135,417 shares. The stock had previously closed at C$0.30.

Century Lithium Price Performance

The stock has a fifty day simple moving average of C$0.29 and a 200-day simple moving average of C$0.29. The company has a market capitalization of C$60.33 million, a price-to-earnings ratio of -18.25 and a beta of 1.38.

Insiders Place Their Bets

In other Century Lithium news, Director James Gaydon Pettit sold 100,000 shares of Century Lithium stock in a transaction on 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 completion of the transaction, the director owned 837,100 shares of the company’s stock, valued at approximately C$259,501. The trade was a 10.67% decrease in their ownership of the stock. Insiders own 4.25% of the company’s stock.

About Century Lithium

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.