Exore Resources Ltd (ASX:ERX)’s share price dropped 5.4% during mid-day trading on Friday . The company traded as low as A$0.09 ($0.06) and last traded at A$0.09 ($0.06), approximately 2,506,830 shares traded hands during mid-day trading. The stock had previously closed at A$0.09 ($0.07).

The business’s 50 day simple moving average is A$0.08. The company has a market capitalization of $40.97 million and a PE ratio of -17.60.

Exore Resources Company Profile (ASX:ERX)

Exore Resources Ltd engages in the exploration and development of mineral properties. It primarily explores for lithium deposits. The company holds a portfolio of exploration leases covering 126 square kilometers prospective area for spodumene lithium mineralization, including the Spodumenberget project, the Hamrånge project, and the Räggen project situated in Sweden.

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