Ganfeng Lithium Group (OTCMKTS:GNENF) Trading Down 2.4% – Here’s What Happened

Ganfeng Lithium Group Co., Ltd. (OTCMKTS:GNENF)’s share price was down 2.4% during trading on Tuesday . The stock traded as low as $5.95 and last traded at $6.1750. Approximately 1,712 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 6,979 shares. The stock had previously closed at $6.33.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded Ganfeng Lithium Group from a “neutral” rating to a “sell” rating in a research report on Sunday, November 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Ganfeng Lithium Group currently has an average rating of “Sell”.

Ganfeng Lithium Group Stock Down 2.4%

The firm has a 50 day moving average of $6.42 and a 200-day moving average of $4.66.

About Ganfeng Lithium Group

Ganfeng Lithium Group Co, Ltd. manufactures and sells lithium products in Mainland China, rest of Asia, the European Union, North America, and internationally. It operates through three segments: Lithium Metal and Compound, Lithium Battery, and Lithium Ore Resource and Others. The company has interests in the Mount Marion mine located in Australia; Cauchari-Olaroz project situated in Jujuy Province, Northwest Argentina; Mariana project located in Salta Province, Argentina; Sonora project situated in Mexico; Pilbara Pilgangoora lithium-tantalum project located in Western Australia; Ningdu Heyuan mine situated in Ningdu County, Ganzhou City, Jiangxi Province; Avalonia project located in Ireland; Qinghai Yiliping lithium salt lake project situated in the Qinghai Province; Goulamina spodumene ore project located in southern Mali, Africa; PPG lithium salt-lake project located in Salta Province, Argentina; and Songshugang tantalum-niobium mine project located in Jiangxi Province.