Century Lithium (CVE:LCE) Trading Down 7.1% – Here’s What Happened

Century Lithium Corp. (CVE:LCE)’s stock price dropped 7.1% during trading on Friday . The company traded as low as C$0.26 and last traded at C$0.26. Approximately 99,022 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 140,446 shares. The stock had previously closed at C$0.28.

Century Lithium Stock Performance

The stock’s 50-day simple moving average is C$0.29 and its 200 day simple moving average is C$0.31. The company has a market capitalization of C$42.97 million, a PE ratio of -13.00 and a beta of 1.26.

Insiders Place Their Bets

In other Century Lithium news, Director James Gaydon Pettit sold 100,000 shares of Century Lithium stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of C$0.31, for a total transaction of C$31,000.00. Following the completion of the sale, the director directly owned 837,100 shares of the company’s stock, valued at C$259,501. The trade was a 10.67% decrease in their position. 4.25% of the stock is currently owned by corporate insiders.

Century Lithium Company Profile

Century Lithium Corp. engages in the acquisition, exploration, evaluation, and development of resource properties in the United States. It primarily explores for lithium. The company holds 100% interests in Clayton Valley project located in southwest Nevada; Dean lithium property in Clayton Valley, Nevada; Glory lithium property in Clayton Valley; and Gunman Project, White Pine Claims, Nevada, as well as interest in Enertopia Project.