Bradda Head Lithium (LON:BHL) Trading Down 11.1% – Here’s Why

Shares of Bradda Head Lithium Limited (LON:BHL) were down 11.1% during mid-day trading on Thursday . The company traded as low as GBX 0.80 and last traded at GBX 0.80. Approximately 11,838,930 shares were traded during mid-day trading, an increase of 295% from the average daily volume of 3,000,904 shares. The stock had previously closed at GBX 0.90.

Bradda Head Lithium Price Performance

The stock has a 50-day moving average price of GBX 1.12 and a 200-day moving average price of GBX 1.10. The firm has a market capitalization of £3.12 million, a PE ratio of -3.85 and a beta of -0.32.

About Bradda Head Lithium

Bradda Head Lithium Ltd. is a North America-focused lithium development group. The Company currently has interests in a variety of projects, the most advanced of which are in Central and Western Arizona: The Basin Project (Basin East Project, and the Basin West Project) and the Wikieup Project.

The Basin East Project has an estimated an Inferred Mineral Resource (JORC) of 42.6 Mt of lithium bearing clays at an average grade of 818 ppm of lithium for 185,000 tonnes of lithium carbonate equivalent (LCE).