Bradda Head Lithium (LON:BHL) Stock Price Up 7.3% – Here’s Why

Shares of Bradda Head Lithium Limited (LON:BHL) shot up 7.3% during trading on Wednesday . The stock traded as high as GBX 1.10 ($0.01) and last traded at GBX 1.10 ($0.01). 691,563 shares traded hands during mid-day trading, an increase of 77% from the average session volume of 391,790 shares. The stock had previously closed at GBX 1.03 ($0.01).

Bradda Head Lithium Trading Up 1.2%

The stock has a market capitalization of £5.07 million, a PE ratio of 1.75 and a beta of -0.32. The company’s 50 day simple moving average is GBX 1.05 and its 200 day simple moving average is GBX 1.17.

Bradda Head Lithium Company Profile

Bradda Head Lithium Ltd. is a North America-focused lithium development group. The Company currently has interests in a variety of projects, the most advanced of which are in Central and Western Arizona: The Basin Project (Basin East Project, and the Basin West Project) and the Wikieup Project.

The Basin East Project has an estimated an Inferred Mineral Resource (JORC) of 42.6 Mt of lithium bearing clays at an average grade of 818 ppm of lithium for 185,000 tonnes of lithium carbonate equivalent (LCE).