Century Lithium (CVE:LCE) Trading Down 12.1% – Here’s Why

Century Lithium Corp. (CVE:LCE) shares fell 12.1% during mid-day trading on Monday . The stock traded as low as C$0.49 and last traded at C$0.51. 384,207 shares traded hands during trading, an increase of 25% from the average session volume of 308,523 shares. The stock had previously closed at C$0.58.

Century Lithium Stock Performance

The stock’s 50 day simple moving average is C$0.35 and its 200-day simple moving average is C$0.31. The firm has a market cap of C$87.60 million, a price-to-earnings ratio of -26.50 and a beta of 1.28.

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.