Millennial Lithium (CVE:ML) Shares Up 2% – Here’s Why

Shares of Millennial Lithium Corp. (CVE:ML) shot up 2% on Friday . The company traded as high as C$4.06 and last traded at C$4.04. 832,799 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 798,871 shares. The stock had previously closed at C$3.96.

Millennial Lithium Stock Up 2.0 %

The stock has a market capitalization of C$395.36 million and a price-to-earnings ratio of -20.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 38.93 and a quick ratio of 38.73. The business has a fifty day moving average of C$4.04 and a 200 day moving average of C$4.04.

About Millennial Lithium

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.