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Century Lithium shares surged 27% on increased volume, driven by investor interest in its Nevada lithium projects.
Century Lithium (CVE:LCE) shares rose 27.1% to close at C$0.38 on Friday, hitting a high of C$0.39, driven by a surge in trading volume to about 517,000 shares—nearly three times the average.
The stock’s 50-day and 200-day moving averages both stood at C$0.29, with a market cap of C$60.33 million.
The company, focused on lithium exploration in Nevada, owns the Clayton Valley project and other properties.
A negative P/E ratio of -18.25 and a beta of 1.38 indicate unprofitability and higher volatility.
Director James Gaydon Pettit sold 100,000 shares on October 7, reducing his stake by 10.67%.
The catalyst for the rally was not specified.
Las acciones de Century Lithium aumentaron un 27% debido al aumento de volumen, impulsado por el interés de los inversores en sus proyectos de litio en Nevada.