Shares of Galaxy Resources Limited (OTCMKTS:GALXF – Get Free Report) dropped 1.9% during mid-day trading on Thursday. The stock traded as low as $3.38 and last traded at $3.57. 3,700 shares traded hands during trading, a decline of 95% from the average daily volume of 74,379 shares. The stock had previously closed at $3.6375.
Galaxy Resources Stock Down 1.9%
The firm’s 50 day simple moving average is $3.57 and its two-hundred day simple moving average is $3.57.
About Galaxy Resources
Galaxy Resources Limited was an Australian lithium mining and development company focused on producing lithium concentrates and developing lithium chemicals for use in electric vehicle batteries, energy storage systems and other industrial applications. Its principal operating asset was the Mt Cattlin spodumene mine in Western Australia, which produced lithium concentrate for export. The company also developed the Sal de Vida lithium brine project in Argentina and the James Bay lithium project in Quebec, Canada.
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