Bacanora Lithium (LON:BCN) Share Price Passes Below 50 Day Moving Average – What’s Next?

Bacanora Lithium Plc (LON:BCNGet Free Report) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 67 ($0.88) and traded as low as GBX 67 ($0.88). Bacanora Lithium shares last traded at GBX 67 ($0.88), with a volume of 238,939 shares.

Bacanora Lithium Stock Down 0.4 %

The company has a debt-to-equity ratio of 18.44, a quick ratio of 36.64 and a current ratio of 36.64. The stock’s 50 day moving average price is GBX 67 and its 200-day moving average price is GBX 67. The company has a market cap of £259.38 million and a PE ratio of 8.70.

About Bacanora Lithium

(Get Free Report)

Bacanora Lithium Plc, a development stage mining company, engages in the identification, acquisition, exploration, and development of mineral properties. The company primarily explores for battery grade lithium carbonates. Its flagship project is the Sonora lithium project, which consists of 10 mining concessions covering approximately 100,000 hectares located in the northeast of Sonora State in Mexico.

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