Lithium Ionic (OTCMKTS:LTHCF) Trading Down 5.6% – Here’s Why

Lithium Ionic Corp. (OTCMKTS:LTHCFGet Free Report) shares fell 5.6% during mid-day trading on Monday . The company traded as low as $0.46 and last traded at $0.46. 25,500 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 17,604 shares. The stock had previously closed at $0.49.

Lithium Ionic Price Performance

The business has a 50-day simple moving average of $0.55 and a two-hundred day simple moving average of $0.53.

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.

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