Core Lithium Ltd (OTCMKTS:CXOXF – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 468,094 shares, a growth of 85.3% from the September 15th total of 252,669 shares. Based on an average daily trading volume, of 13,597 shares, the days-to-cover ratio is presently 34.4 days.
Core Lithium Price Performance
OTCMKTS:CXOXF opened at C$0.15 on Thursday. The business’s fifty day moving average price is C$0.23 and its 200 day moving average price is C$0.21. Core Lithium has a 1-year low of C$0.06 and a 1-year high of C$0.30.
Core Lithium Company Profile
Core Lithium Ltd. is an Australian lithium exploration and development company focused on discovering, developing and producing lithium minerals for the battery materials market. Its principal asset is the Finniss Lithium Project in the Northern Territory, located near Darwin and supported by access to regional transport and port infrastructure.
The Finniss project includes the Grants and BP33 lithium deposits, among other exploration prospects. Core Lithium’s primary product is spodumene lithium concentrate, which is used as a feedstock in the production of lithium chemicals for rechargeable batteries, including those used in electric vehicles and energy-storage systems.
Core Lithium began producing lithium concentrate from the Finniss project in late 2022 and made its first shipment in early 2023.
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