Lithium Ionic (OTCMKTS:LTHCF) Trading 2.5% Higher – Still a Buy?

Lithium Ionic Corp. (OTCMKTS:LTHCFGet Free Report) shares rose 2.5% on Monday . The company traded as high as $0.7236 and last traded at $0.7236. Approximately 4,000 shares changed hands during trading, a decline of 75% from the average daily volume of 16,034 shares. The stock had previously closed at $0.7060.

Lithium Ionic Trading Up 2.5%

The stock’s 50 day simple moving average is $0.79 and its 200 day simple moving average is $0.64.

About Lithium Ionic

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Lithium Ionic Corp. engages in the acquisition, exploration, and development of mineral properties in Brazil. The company's flagship properties include a 100% ownership in the Itinga lithium project that comprises seven mineral licenses covering an area of approximately 1,300 hectares in the prolific Aracuai lithium province; and the Salinas project located in the northeastern part of Minas Gerais state. Lithium Ionic Corp. is headquartered in Toronto, Canada.

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