Core Lithium Ltd (OTCMKTS:CXOXF – Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 468,094 shares, an increase of 85.3% from the September 15th total of 252,669 shares. Based on an average trading volume of 13,597 shares, the short-interest ratio is currently 34.4 days.
Core Lithium Stock Down 8.4%
OTCMKTS CXOXF opened at C$0.15 on Thursday. Core Lithium has a 1-year low of C$0.06 and a 1-year high of C$0.30. The firm’s fifty day simple moving average is C$0.23 and its 200-day simple moving average is C$0.21.
About Core Lithium
Core Lithium Ltd. is an Australian lithium exploration and development company focused on discovering, developing and producing lithium minerals for the battery materials market. Its principal asset is the Finniss Lithium Project in the Northern Territory, located near Darwin and supported by access to regional transport and port infrastructure.
The Finniss project includes the Grants and BP33 lithium deposits, among other exploration prospects. Core Lithium’s primary product is spodumene lithium concentrate, which is used as a feedstock in the production of lithium chemicals for rechargeable batteries, including those used in electric vehicles and energy-storage systems.
Core Lithium began producing lithium concentrate from the Finniss project in late 2022 and made its first shipment in early 2023.
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