Liontown Resources (OTCMKTS:LINRF) Stock Price Up 8.3% – Here’s Why

Liontown Resources Limited (OTCMKTS:LINRF) was up 8.3% on Wednesday . The stock traded as high as C$1.22 and last traded at C$1.18. Approximately 26,898 shares were traded during trading, a decline of 5% from the average daily volume of 28,276 shares. The stock had previously closed at C$1.09.

Liontown Resources Stock Up 8.3%

The stock has a 50 day moving average of C$1.25 and a two-hundred day moving average of C$0.89.

Liontown Resources Company Profile

Liontown Resources Limited is an Australia-based mineral exploration and development company focused on the discovery and advancement of lithium projects for the global battery market. The company’s principal asset is the Kathleen Valley lithium project in the Eastern Goldfields region of Western Australia, where it is advancing a large-scale hard-rock lithium deposit toward production of spodumene concentrate. Liontown’s project portfolio also includes several early-stage tenements in the region that complement its flagship development site.

At Kathleen Valley, Liontown has completed extensive drilling campaigns and technical studies to define a significant mineral resource and to support engineering and environmental approvals.