Pilbara Minerals (OTCMKTS:PILBF) Shares Down 4% – Time to Sell?

by · The Markets Daily

Shares of Pilbara Minerals Limited (OTCMKTS:PILBF – Get Free Report) fell 4% during mid-day trading on Wednesday. The company traded as low as $2.00 and last traded at $2.05. 4,300 shares were traded during trading, a decline of 82% from the average daily volume of 23,668 shares. The stock had previously closed at $2.1350.

Pilbara Minerals Stock Performance

The business has a fifty day simple moving average of $3.02 and a 200 day simple moving average of $3.54.

Pilbara Minerals Company Profile

(Get Free Report)

Pilbara Minerals Limited is an Australian lithium producer focused on the exploration, development and operation of lithium assets. The company’s principal operation is the Pilgangoora Lithium-Tantalum Project in Western Australia’s Pilbara region, one of the world’s significant hard-rock lithium deposits.

Pilgangoora produces spodumene concentrate, a key feedstock used to manufacture lithium chemicals for rechargeable batteries, as well as tantalite concentrate. The operation combines the former Pilgangoora and Ngungaju projects, which were consolidated as part of the company’s development of an integrated mining and processing complex.

Pilbara Minerals supplies international customers across the battery-materials and chemical sectors, with its products primarily serving global markets in Asia and other regions.

Further Reading