Bradda Head Lithium (LON:BHL) Trading Down 4.3% – Here’s What Happened

Bradda Head Lithium Limited (LON:BHL) shares dropped 4.3% on Friday . The company traded as low as GBX 1.10 ($0.01) and last traded at GBX 1.10 ($0.01). Approximately 5,871 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 185,872 shares. The stock had previously closed at GBX 1.15 ($0.01).

Bradda Head Lithium Price Performance

The firm’s fifty day simple moving average is GBX 1.23 and its 200 day simple moving average is GBX 1.39. The company has a market capitalization of £4.30 million, a price-to-earnings ratio of -140.10 and a beta of -0.32.

About Bradda Head Lithium

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).