Dajin Lithium (CVE:DJI) Stock Passes Below 50 Day Moving Average – Time to Sell?

Dajin Lithium Corp. (CVE:DJI)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.75 and traded as low as C$0.75. Dajin Lithium shares last traded at C$0.75, with a volume of 4,571 shares traded.

Dajin Lithium Stock Down 2.6%

The stock’s fifty day simple moving average is C$0.75 and its two-hundred day simple moving average is C$0.75. The company has a debt-to-equity ratio of 7.99, a current ratio of 0.14 and a quick ratio of 0.08. The company has a market capitalization of C$12.32 million and a price-to-earnings ratio of -15.96.

Dajin Lithium Company Profile

Dajin Lithium Corp., together with its subsidiaries, primarily engages in the acquisition, exploration, and development of mineral properties in Canada, the United States, and Argentina. It explores for lithium, potash, and boron minerals. The company holds a 100% interest in Teels Marsh Project that covers 403 placer mineral claims covering an area of approximately 3,202 hectares located in the Teels Marsh valley of Mineral County, Nevada; and Alkali Lake project, which includes 62 placer mineral claims situated in the Alkali Spring valley of Esmeralda county, Nevada.