Lithium Ionic (OTCMKTS:LTHCF) Trading 3.7% Higher – Time to Buy?

Lithium Ionic Corp. (OTCMKTS:LTHCF)’s share price was up 3.7% during mid-day trading on Tuesday . The stock traded as high as $0.5408 and last traded at $0.5408. Approximately 500 shares changed hands during trading, a decline of 95% from the average daily volume of 10,100 shares. The stock had previously closed at $0.5214.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Lithium Ionic in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Lithium Ionic Stock Performance

The firm has a fifty day simple moving average of $0.54 and a two-hundred day simple moving average of $0.49.

Lithium Ionic Company Profile

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.