Lithium Power International (ASX:LPI) Stock Price Down 6.2%

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Lithium Power International Ltd (ASX:LPI) shares fell 6.2% during trading on Tuesday . The company traded as low as A$0.22 ($0.15) and last traded at A$0.23 ($0.16), 127,546 shares changed hands during mid-day trading. A decline of 88% from the average session volume of 1,030,000 shares. The stock had previously closed at A$0.24 ($0.17).

The stock’s fifty day simple moving average is A$0.26 and its two-hundred day simple moving average is A$0.30. The firm has a market cap of $59.07 million and a PE ratio of -5.77.

About Lithium Power International (ASX:LPI)

Lithium Power International Limited, a lithium company, engages in the identification, acquisition, exploration, and development of lithium projects in Chile, Argentina and Australia. It holds 50% interest in the Maricunga lithium brine project located in Chile; and 100% interest in the Pilgangoora lithium tenement in the Pilbara region of northern Western Australia.

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