Dajin Lithium (CVE:DJI) Stock Price Down 2.6% – Time to Sell?

Dajin Lithium Corp. (CVE:DJI)’s share price dropped 2.6% on Wednesday . The stock traded as low as C$0.75 and last traded at C$0.75. Approximately 4,571 shares traded hands during trading, a decline of 40% from the average daily volume of 7,643 shares. The stock had previously closed at C$0.77.

Dajin Lithium Stock Down 2.6 %

The firm has a market capitalization of C$12.32 million and a price-to-earnings ratio of -15.96. The company has a debt-to-equity ratio of 7.99, a current ratio of 0.14 and a quick ratio of 0.08. The business has a fifty day moving average price of C$0.75 and a two-hundred day moving average price of C$0.75.

Dajin Lithium Company Profile

Dajin Lithium Corp., together with its subsidiaries, primarily engages in the acquisition, exploration, and development of mineral properties in Canada, the United States, and Argentina. It explores for lithium, potash, and boron minerals. The company holds a 100% interest in Teels Marsh Project that covers 403 placer mineral claims covering an area of approximately 3,202 hectares located in the Teels Marsh valley of Mineral County, Nevada; and Alkali Lake project, which includes 62 placer mineral claims situated in the Alkali Spring valley of Esmeralda county, Nevada.