Shares of Liontown Resources Limited (OTCMKTS:LINRF – Get Free Report) shot up 1.3% during trading on Thursday. The stock traded as high as C$0.50 and last traded at C$0.50. 2,957 shares were traded during mid-day trading, a decline of 79% from the average session volume of 14,137 shares. The stock had previously closed at C$0.49.
Liontown Resources Stock Down 5.9%
The company’s fifty day moving average price is C$0.72 and its two-hundred day moving average price is C$1.11.
About Liontown Resources
Liontown Resources Limited is an Australian lithium development and mining company focused on supplying raw materials for the battery and electric-vehicle industries. The company’s principal asset is the Kathleen Valley lithium project in Western Australia, which is designed to produce spodumene concentrate from a hard-rock lithium operation.
Located near Leinster in the state’s Goldfields-Esperance region, Kathleen Valley includes underground mining and an on-site processing facility.
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