Lithium Ionic (OTCMKTS:LTHCF) Shares Down 6.7% – Here’s Why

Shares of Lithium Ionic Corp. (OTCMKTS:LTHCFGet Free Report) traded down 6.7% during trading on Wednesday . The stock traded as low as $0.53 and last traded at $0.54. 102,275 shares changed hands during mid-day trading, an increase of 458% from the average session volume of 18,313 shares. The stock had previously closed at $0.58.

Lithium Ionic Stock Performance

The company’s 50 day moving average price is $0.53 and its 200 day moving average price is $0.53.

About Lithium Ionic

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Lithium Ionic Corp. engages in the acquisition, exploration, and development of mineral properties in Brazil. The company's flagship properties include a 100% ownership in the Itinga lithium project that comprises seven mineral licenses covering an area of approximately 1,300 hectares in the prolific Aracuai lithium province; and the Salinas project located in the northeastern part of Minas Gerais state.

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