Pilbara Minerals (OTCMKTS:PILBF) Shares Up 5.6% – What’s Next?

Pilbara Minerals Limited (OTCMKTS:PILBF) shares shot up 5.6% on Wednesday . The stock traded as high as $2.79 and last traded at $2.66. 19,331 shares were traded during trading, a decline of 74% from the average session volume of 74,915 shares. The stock had previously closed at $2.52.

Analyst Upgrades and Downgrades

PILBF has been the topic of a number of research reports. UBS Group raised shares of Pilbara Minerals to a “neutral” rating in a research report on Tuesday, August 26th. Jefferies Financial Group cut shares of Pilbara Minerals to a “hold” rating in a research report on Monday, August 25th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Pilbara Minerals Trading Up 5.6%

The stock’s fifty day moving average is $2.27 and its two-hundred day moving average is $1.59.

Pilbara Minerals Company Profile

Pilbara Minerals Limited engages in the exploration, development, and operation of mineral resources in Australia. The company primarily explores for lithium. It primarily holds a 100% interest in the Pilgangoora lithium-tantalum project located in the Pilbara region of Western Australia. The company was incorporated in 2005 and is based in West Perth, Australia.