Millennial Lithium (CVE:ML) Shares Cross Below 50-Day Moving Average – Time to Sell?

Millennial Lithium Corp. (CVE:ML – Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$4.04 and traded as low as C$3.63. Millennial Lithium shares last traded at C$4.04, with a volume of 832,799 shares changing hands.

Millennial Lithium Trading Up 2.0 %

The company has a debt-to-equity ratio of 0.12, a quick ratio of 38.73 and a current ratio of 38.93. The company has a market cap of C$395.36 million and a price-to-earnings ratio of -20.20. The company’s fifty day moving average is C$4.04 and its two-hundred day moving average is C$4.04.

About Millennial Lithium

(Get Free Report)

Millennial Lithium Corp. engages in the acquisition, exploration, and development of lithium mineral properties. It primarily holds a 100% interest in the Pastos Grandes Lithium project located in Salta, Argentina. The company was formerly known as Redhill Resources Corp. and changed its name to Millennial Lithium Corp.

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