Lithium Royalty Corp. (OTCMKTS:LITRF – Get Free Report)’s share price fell 8% on Friday . The company traded as low as $7.2029 and last traded at $7.2029. 1,214 shares were traded during mid-day trading, an increase of 23% from the average session volume of 991 shares. The stock had previously closed at $7.83.
Lithium Royalty Trading Down 8.0%
The firm has a fifty day simple moving average of $6.30 and a 200-day simple moving average of $5.07.
About Lithium Royalty
Lithium Royalty Corp. is a Canada-based company dedicated to acquiring and managing royalties on lithium production and development projects. As a pure-play lithium royalty company, it does not operate mines directly but instead holds non-operating royalty interests that provide exposure to the growing lithium sector without the capital intensity and operational risk associated with mine ownership.
The company’s portfolio includes a 7.5% net smelter return (NSR) royalty on the Fénix lithium operation in Argentina’s Salar del Hombre Muerto, a 2.5% NSR royalty on the Rincon project also in Argentina, and a 2.0% NSR royalty on the Sonora lithium project in Mexico.
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