Bradda Head Lithium (LON:BHL) Shares Down 2.5% – Here’s What Happened

Bradda Head Lithium Limited (LON:BHL) shares were down 2.5% during mid-day trading on Thursday . The company traded as low as GBX 1.90 and last traded at GBX 1.90. 405,078 shares were traded during mid-day trading, a decline of 70% from the average session volume of 1,329,781 shares. The stock had previously closed at GBX 1.95.

Bradda Head Lithium Stock Down 8.7%

The company has a debt-to-equity ratio of 7.25, a current ratio of 5.32 and a quick ratio of 9.53. The company has a market capitalization of £10.15 million, a PE ratio of -2.38 and a beta of 0.46. The business’s 50 day simple moving average is GBX 2.18 and its 200 day simple moving average is GBX 2.18.

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).