Bradda Head Lithium (LON:BHL) Stock Price Up 3.6% – Here’s Why

Shares of Bradda Head Lithium Limited (LON:BHL) rose 3.6% during mid-day trading on Thursday . The company traded as high as GBX 2.30 and last traded at GBX 2.30. Approximately 108,184 shares changed hands during trading, a decline of 93% from the average daily volume of 1,487,741 shares. The stock had previously closed at GBX 2.22.

Bradda Head Lithium Stock Performance

The stock has a 50 day moving average price of GBX 2.71 and a 200 day moving average price of GBX 2.04. The company has a market cap of £8.69 million, a P/E ratio of -10.69 and a beta of 0.44.

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).