Leading Edge Materials Corp (CVE:LEM) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.21 and traded as low as $0.32. Leading Edge Materials shares last traded at $0.33, with a volume of 100,000 shares.
The company has a market capitalization of $32.48 million and a price-to-earnings ratio of -9.31.
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Leading Edge Materials Corp., a junior mining company, engages in the exploration and development of mineral resource properties. It explores for graphite, lithium, rare earth elements, and cobalt. The company's flagship project is the Woxna project that comprises 4 exploitation mining concessions consisting of Kringelgruven, Mattsmyra, Gropabo, and Mansberg with an area totaling 146.71 hectares located near the town of Edsbyn, Sweden.
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