Century Lithium (CVE:LCE) Trading 28.8% Higher – What’s Next?
by Amy Steele · The Cerbat GemCentury Lithium Corp. (CVE:LCE – Get Free Report)’s share price rose 28.8% on Friday . The company traded as high as C$0.39 and last traded at C$0.38. Approximately 565,262 shares were traded during mid-day trading, an increase of 317% from the average daily volume of 135,417 shares. The stock had previously closed at C$0.30.
More Century Lithium News
Here are the key news stories impacting Century Lithium this week:
- Positive Sentiment: Volume and momentum pickup: trading volume jumped to ~565,262 shares versus an average of ~135,417, suggesting new buyer interest and momentum trading that likely pushed the stock higher. MarketBeat LCE Quote
- Positive Sentiment: Technical setup: the share price is trading above both the 50‑day and 200‑day moving averages (both C$0.29), which can trigger technical buying from momentum and quant funds.
- Neutral Sentiment: Company size and range: LCE is a small‑cap junior (market cap ~C$62.8M) with a 12‑month range of C$0.17–C$0.52 — that profile means moves can be large in either direction but doesn’t by itself explain a catalyst.
- Neutral Sentiment: No company-specific news provided here: without a press release (drill results, financing, offtake, M&A rumor, or listing news) the move may be driven by sector flows or technicals rather than fresh fundamentals. If you have links to recent press releases, I can assess impact more precisely.
- Negative Sentiment: Execution and risk profile: negative P/E (‑19) indicates the company is not profitable, and a beta ~1.38 plus small market cap imply elevated volatility and risk — gains can reverse quickly if sentiment changes.
Century Lithium Price Performance
The company has a 50-day simple moving average of C$0.29 and a 200-day simple moving average of C$0.29. The stock has a market cap of C$62.81 million, a PE ratio of -19.00 and a beta of 1.38.
Insider Buying and Selling at Century Lithium
In other news, Director James Gaydon Pettit sold 100,000 shares of Century Lithium stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of C$0.31, for a total transaction of C$31,000.00. Following the completion of the sale, the director directly owned 837,100 shares in the company, valued at approximately C$259,501. This trade represents a 10.67% decrease in their position. 4.25% of the stock is currently owned by company insiders.
Century Lithium Company Profile
Century Lithium Corp. engages in the acquisition, exploration, evaluation, and development of resource properties in the United States. It primarily explores for lithium. The company holds 100% interests in Clayton Valley project located in southwest Nevada; Dean lithium property in Clayton Valley, Nevada; Glory lithium property in Clayton Valley; and Gunman Project, White Pine Claims, Nevada, as well as interest in Enertopia Project. Century Lithium Corp. was formerly known as Cypress Development Corp.