FireFly Metals (OTCMKTS:MNXMF) Stock Price Down 15% – Time to Sell?

FireFly Metals Ltd (OTCMKTS:MNXMF) shares fell 15% on Thursday . The company traded as low as $1.2915 and last traded at $1.2915. 23,006 shares changed hands during trading, an increase of 21% from the average session volume of 18,942 shares. The stock had previously closed at $1.52.

FireFly Metals Stock Down 15.0%

The company’s fifty day simple moving average is $1.38 and its 200-day simple moving average is $1.07.

FireFly Metals Company Profile

FireFly Metals Ltd engages in the exploration and evaluation of mineral deposits in Australia and Canada. The company operates through three segments: Green Bay Project; Pickle Grow Project; and Limestone Well Project. It primarily explores for gold, titanium, vanadium, and copper deposits. Its flagship project is the Green Bay copper-gold project in Newfoundland, Canada. The company was formerly known as Auteco Minerals Limited and changed its name to FireFly Metals Ltd in November 2023. FireFly Metals Ltd was incorporated in 2004 and is based in West Perth, Australia.