Lithium Ionic (CVE:LTH) Trading 8% Higher – Here’s Why

Lithium Ionic Corp. (CVE:LTH) shares shot up 8% during mid-day trading on Tuesday . The stock traded as high as C$1.08 and last traded at C$1.08. 232,066 shares traded hands during trading, a decline of 47% from the average session volume of 439,552 shares. The stock had previously closed at C$1.00.

Lithium Ionic Trading Up 8.0%

The company has a 50 day simple moving average of C$1.09 and a two-hundred day simple moving average of C$0.88. The firm has a market capitalization of C$187.65 million, a P/E ratio of -108.00 and a beta of 1.05.