Bacanora Lithium (LON:BCN) Shares Down 0.4% – What’s Next?

Bacanora Lithium Plc (LON:BCN)’s stock price traded down 0.4% during mid-day trading on Wednesday . The stock traded as low as GBX 67 ($0.85) and last traded at GBX 67 ($0.85). 238,939 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 331,279 shares. The stock had previously closed at GBX 67.25 ($0.85).

Bacanora Lithium Trading Down 0.4 %

The company has a market capitalization of £259.38 million and a price-to-earnings ratio of 8.70. The company has a 50-day moving average price of GBX 67 and a 200-day moving average price of GBX 67. The company has a quick ratio of 36.64, a current ratio of 36.64 and a debt-to-equity ratio of 18.44.

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.