Bacanora Lithium Plc (LON:BCN – Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 67 ($0.87) and traded as low as GBX 67 ($0.87). Bacanora Lithium shares last traded at GBX 67 ($0.87), with a volume of 238,939 shares trading hands.
Bacanora Lithium Price Performance
The company has a quick ratio of 36.64, a current ratio of 36.64 and a debt-to-equity ratio of 18.44. The firm has a market capitalization of £259.38 million and a price-to-earnings ratio of 8.70. The company has a fifty day moving average price of GBX 67 and a two-hundred day moving average price of GBX 67.
About Bacanora Lithium
Bacanora Lithium Plc, a development stage mining company, engages in the identification, acquisition, exploration, and development of mineral properties. The company primarily explores for battery grade lithium carbonates. Its flagship project is the Sonora lithium project, which consists of 10 mining concessions covering approximately 100,000 hectares located in the northeast of Sonora State in Mexico.
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