Core Lithium (OTC:CXOXF) Shares Up 22.3% – Here’s Why

Core Lithium Ltd (OTC:CXOXF) shares shot up 22.3% on Thursday . The stock traded as high as C$0.22 and last traded at C$0.22. 18,948 shares changed hands during trading, a decline of 59% from the average session volume of 46,110 shares. The stock had previously closed at C$0.18.

Core Lithium Price Performance

The stock’s 50 day simple moving average is C$0.15 and its 200-day simple moving average is C$0.10.

Core Lithium Company Profile

Core Lithium Ltd engages in the development of lithium and various metal deposits in Northern Territory and South Australia. The company primarily explores for copper, gold, silver, uranium, lead, zinc, rare earth elements, and base metals. Its flagship project is the Finniss Lithium project located to the south of Darwin port in the Northern Territory; and Shoobridge Lithium, Anningie and Barrow Creek Lithium, Blueys and Inkheart Lead/Silver, the Bynoe Gold, and Napperby uranium projects located in the Northern Territory.