Bacanora Lithium (LON:BCN) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Bacanora Lithium Plc (LON:BCN) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 67 ($0.87) and traded as high as GBX 67.10 ($0.87). Bacanora Lithium shares last traded at GBX 67 ($0.87), with a volume of 238,939 shares changing hands.

Bacanora Lithium Stock Down 0.4 %

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

Bacanora Lithium Company Profile

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.