Ultra Lithium (CVE:ULI) Shares Pass Below Fifty Day Moving Average – What’s Next?

Shares of Ultra Lithium Inc (CVE:ULIGet Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.08 and traded as low as C$0.07. Ultra Lithium shares last traded at C$0.08, with a volume of 5,500 shares.

Ultra Lithium Trading Up 23.1 %

The company has a market capitalization of C$7.67 million and a price-to-earnings ratio of -6.67. The company has a fifty day moving average of C$0.08 and a 200-day moving average of C$0.08.

Ultra Lithium Company Profile

(Get Free Report)

Ultra Lithium Inc, an exploration stage company, engages in the acquisition, exploration, and development of lithium properties. It holds a 100% interest in the La Borita Brine lithium project, which comprises 4 mining claims covering an area of approximately 3,000 hectares located within the Lithium Triangle of Argentina, Chile, and Bolivia; the Georgia Lake lithium pegmatites property consisting of 16 mineral claims covering an area of 2,416 hectares of land located in the Thunder Bay Mining Division, Ontario; the Forgan Lake lithium property that comprise 16 units covering an area of 256 hectares of land located in the Thunder Bay mining district in Northwestern Ontario; and the South Big Smoky Valley Brine lithium project comprising 659 mineral claims covering an area of approximately 12,500 hectares of land located in Esmeralda County, Nevada.

Featured Stories

Receive News & Ratings for Ultra Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Lithium and related companies with MarketBeat.com's FREE daily email newsletter.