Dajin Lithium (CVE:DJI) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Dajin Lithium Corp. (CVE:DJI) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.75 and traded as low as C$0.75. Dajin Lithium shares last traded at C$0.75, with a volume of 4,571 shares changing hands.

Dajin Lithium Stock Performance

The company has a 50-day moving average price of C$0.75 and a two-hundred day moving average price of C$0.75. The stock has a market capitalization of C$12.32 million and a P/E ratio of -15.96. The company has a quick ratio of 0.08, a current ratio of 0.14 and a debt-to-equity ratio of 7.99.

About Dajin Lithium

Dajin Lithium Corp., together with its subsidiaries, primarily engages in the acquisition, exploration, and development of mineral properties in Canada, the United States, and Argentina. It explores for lithium, potash, and boron minerals. The company holds a 100% interest in Teels Marsh Project that covers 403 placer mineral claims covering an area of approximately 3,202 hectares located in the Teels Marsh valley of Mineral County, Nevada; and Alkali Lake project, which includes 62 placer mineral claims situated in the Alkali Spring valley of Esmeralda county, Nevada.