Millennial Lithium (CVE:ML) Trading 2% Higher – Here’s Why

Millennial Lithium Corp. (CVE:ML)’s share price rose 2% during mid-day trading on Friday . The company traded as high as C$4.06 and last traded at C$4.04. Approximately 832,799 shares were traded during mid-day trading, an increase of 4% from the average daily volume of 798,871 shares. The stock had previously closed at C$3.96.

Millennial Lithium Price Performance

The stock has a fifty day moving average of C$4.04 and a 200-day moving average of C$4.04. The firm has a market capitalization of C$395.36 million and a P/E ratio of -20.20. The company has a quick ratio of 38.73, a current ratio of 38.93 and a debt-to-equity ratio of 0.12.

Millennial Lithium Company Profile

Millennial Lithium Corp. engages in the acquisition, exploration, and development of lithium mineral properties. It primarily holds a 100% interest in the Pastos Grandes Lithium project located in Salta, Argentina. The company was formerly known as Redhill Resources Corp. and changed its name to Millennial Lithium Corp.