Bradda Head Lithium (LON:BHL) Shares Down 13.9% – Should You Sell?

Bradda Head Lithium Limited (LON:BHL) shares fell 13.9% during trading on Thursday . The company traded as low as GBX 3.10 and last traded at GBX 3.10. 6,956,264 shares were traded during mid-day trading, an increase of 287% from the average session volume of 1,799,489 shares. The stock had previously closed at GBX 3.60.

Bradda Head Lithium Price Performance

The company has a 50 day simple moving average of GBX 1.59 and a 200-day simple moving average of GBX 1.39. The stock has a market cap of £13.28 million, a P/E ratio of -16.35 and a beta of 0.20.

Bradda Head Lithium Company Profile

Bradda Head Lithium Ltd. is a North America-focused lithium development group. The Company currently has interests in a variety of projects, the most advanced of which are in Central and Western Arizona: The Basin Project (Basin East Project, and the Basin West Project) and the Wikieup Project.

The Basin East Project has an estimated an Inferred Mineral Resource (JORC) of 42.6 Mt of lithium bearing clays at an average grade of 818 ppm of lithium for 185,000 tonnes of lithium carbonate equivalent (LCE).