Millennial Lithium (CVE:ML) Shares Up 2% – Here’s Why

Millennial Lithium Corp. (CVE:ML) shares rose 2% during mid-day trading on Monday . The stock traded as high as C$4.06 and last traded at C$4.04. Approximately 832,799 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 798,871 shares. The stock had previously closed at C$3.96.

Millennial Lithium Trading Up 2.0%

The company has a debt-to-equity ratio of 0.12, a current ratio of 38.93 and a quick ratio of 38.73. The company has a market cap of C$395.36 million and a PE ratio of -20.20. The company’s 50 day simple moving average is C$4.04 and its two-hundred day simple moving average is C$4.04.

Millennial Lithium Company Profile

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. in June 2016. The company was incorporated in 2005 and is headquartered in West Vancouver, Canada.