Sayona Mining (OTCMKTS:SYAXF) Trading Up 2.2% – Here’s Why

Sayona Mining Limited (OTCMKTS:SYAXFGet Free Report)’s stock price was up 2.2% during trading on Thursday . The stock traded as high as $8.96 and last traded at $8.94. 1,092 shares were traded during mid-day trading, a decline of 91% from the average session volume of 12,137 shares. The stock had previously closed at $8.75.

Sayona Mining Price Performance

The business’s 50-day simple moving average is $8.34 and its two-hundred day simple moving average is $6.28.

About Sayona Mining

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Sayona Mining Inc (OTCMKTS:SYAXF) is a mineral exploration and development company focused on advancing high-grade lithium projects in North America and Australia. The company’s principal activities include the exploration, evaluation and development of lithium deposits to supply the growing demand for lithium-ion batteries in electric vehicles and energy storage systems. Sayona aims to establish a vertically integrated supply chain for lithium concentrate production and downstream processing.

In Canada, Sayona Mining controls several key projects in the province of Quebec, including the fully permitted Authier Lithium Project and the Moblan Lithium Project near the James Bay region.

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