Millennial Lithium (CVE:ML) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Millennial Lithium Corp. (CVE:ML)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$4.04 and traded as low as C$3.63. Millennial Lithium shares last traded at C$4.04, with a volume of 832,799 shares trading hands.

Millennial Lithium Price Performance

The stock has a market cap of C$395.36 million and a price-to-earnings ratio of -20.20. The company has a 50 day simple moving average of C$4.04 and a 200-day simple moving average of C$4.04. 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.