Bradda Head Lithium (LON:BHL) Trading Down 13.3% – What’s Next?

Shares of Bradda Head Lithium Limited (LON:BHL) traded down 13.3% during mid-day trading on Wednesday . The company traded as low as GBX 1.80 and last traded at GBX 1.95. Approximately 3,880,826 shares were traded during mid-day trading, an increase of 162% from the average session volume of 1,480,548 shares. The stock had previously closed at GBX 2.25.

Bradda Head Lithium Trading Down 13.3%

The stock has a market capitalization of £7.62 million, a price-to-earnings ratio of -9.38 and a beta of 0.44. The firm has a 50-day moving average of GBX 2.67 and a 200 day moving average of GBX 2.07.

About Bradda Head Lithium

Bradda Head Lithium Ltd. is a North America-focused lithium development group. The Company currently has interests in a variety of projects, the most advanced of which are in Central and Western Arizona: The Basin Project (Basin East Project, and the Basin West Project) and the Wikieup Project.

The Basin East Project has an estimated an Inferred Mineral Resource (JORC) of 42.6 Mt of lithium bearing clays at an average grade of 818 ppm of lithium for 185,000 tonnes of lithium carbonate equivalent (LCE).