Bradda Head Lithium (LON:BHL) Stock Price Up 4.5% – Here’s Why

Shares of Bradda Head Lithium Limited (LON:BHL) rose 4.5% on Wednesday . The company traded as high as GBX 2.30 and last traded at GBX 2.30. Approximately 429,525 shares traded hands during trading, a decline of 69% from the average daily volume of 1,407,282 shares. The stock had previously closed at GBX 2.20.

Bradda Head Lithium Stock Performance

The stock has a market cap of £8.87 million, a P/E ratio of -10.91 and a beta of 0.46. The company has a 50-day simple moving average of GBX 2.33 and a 200-day simple moving average of GBX 2.12.

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).