Millennial Lithium (CVE:ML) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Millennial Lithium Corp. (CVE:ML) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$4.04 and traded as high as C$4.06. Millennial Lithium shares last traded at C$4.04, with a volume of 832,799 shares changing hands.

Millennial Lithium Price Performance

The company has a current ratio of 38.93, a quick ratio of 38.73 and a debt-to-equity ratio of 0.12. The company has a 50 day simple moving average of C$4.04 and a 200 day simple moving average of C$4.04. The stock has a market cap of C$395.36 million and a P/E ratio of -20.20.

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.