Lithium Ionic Corp. (OTCMKTS:LTHCF – Get Free Report)’s share price dropped 8.7% during mid-day trading on Wednesday . The company traded as low as $0.3995 and last traded at $0.3995. 5,000 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 23,448 shares. The stock had previously closed at $0.4377.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets downgraded shares of Lithium Ionic from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Lithium Ionic currently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on LTHCF
Lithium Ionic Price Performance
The company has a 50 day moving average price of $0.45 and a 200-day moving average price of $0.62.
About Lithium Ionic
Lithium Ionic Corp. engages in the acquisition, exploration, and development of mineral properties in Brazil. The company's flagship properties include a 100% ownership in the Itinga lithium project that comprises seven mineral licenses covering an area of approximately 1,300 hectares in the prolific Aracuai lithium province; and the Salinas project located in the northeastern part of Minas Gerais state. Lithium Ionic Corp. is headquartered in Toronto, Canada.
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