Lithium Ionic (LTHCF) Projected to Release Quarterly Earnings on Thursday

Lithium Ionic (OTCMKTS:LTHCF) is expected to announce its results after the market closes on Thursday, August 27th. Analysts expect Lithium Ionic to post earnings of ($0.0052) per share and revenue of $17.9840 million for the quarter.

Lithium Ionic Stock Performance

Lithium Ionic stock opened at $0.48 on Wednesday. Lithium Ionic has a fifty-two week low of $0.27 and a fifty-two week high of $1.06. The firm’s 50-day simple moving average is $0.47 and its 200 day simple moving average is $0.66.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets cut shares of Lithium Ionic from an “outperform” rating to a “market perform” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Lithium Ionic Company Profile

Lithium Ionic Corp. engages in the acquisition, exploration, and development of mineral properties in Brazil. The company's flagship properties include a 100% ownership in the Itinga lithium project that comprises seven mineral licenses covering an area of approximately 1,300 hectares in the prolific Aracuai lithium province; and the Salinas project located in the northeastern part of Minas Gerais state. Lithium Ionic Corp. is headquartered in Toronto, Canada.