Dajin Lithium (CVE:DJI) Shares Cross Below 50 Day Moving Average – Here’s Why

Dajin Lithium Corp. (CVE:DJI)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.75 and traded as low as C$0.75. Dajin Lithium shares last traded at C$0.75, with a volume of 4,571 shares trading hands.

Dajin Lithium Stock Performance

The firm has a 50 day moving average of C$0.75 and a 200-day moving average of C$0.75. The company has a market cap of C$12.32 million and a P/E ratio of -15.96. The company has a quick ratio of 0.08, a current ratio of 0.14 and a debt-to-equity ratio of 7.99.

About Dajin Lithium

Dajin Lithium Corp., together with its subsidiaries, primarily engages in the acquisition, exploration, and development of mineral properties in Canada, the United States, and Argentina. It explores for lithium, potash, and boron minerals. The company holds a 100% interest in Teels Marsh Project that covers 403 placer mineral claims covering an area of approximately 3,202 hectares located in the Teels Marsh valley of Mineral County, Nevada; and Alkali Lake project, which includes 62 placer mineral claims situated in the Alkali Spring valley of Esmeralda county, Nevada.