Lake NL Resources (OTCMKTS: LLKKF – Get a rating) benefited from a sharp drop in short-term interest rates during the month of May. As of May 31, there was short interest totaling 724,600 shares, down 33.4% from the May 15 total of 1,087,900 shares. Based on an average daily trading volume of 998,200 shares, the short-term interest rate ratio is currently 0.7 days.
Separately, Alliance Global Partners raised its price target on Lake Resources from $1.50 to $2.75 in a Tuesday, March 29 research report.
Shares of Stock of lake resources fell $0.05 during trading hours on Tuesday, hitting $0.95. The company’s stock had a trading volume of 1,923,024 shares, compared to an average volume of 1,173,390. The company has a 50-day moving average price of $1.22 and a two-hundred-day moving average price of $0.94. Lake Resources has a 12 month low of $0.20 and a 12 month high of $1.97.
Lake Resources Company Profile (Get a rating)
Lake Resources NL explores and develops lithium brine projects in Argentina. Its flagship project is the 100% owned Kachi lithium brine project, which consists of 39 mining leases covering an area of approximately 74,000 hectares located in the province of Catamarca, Argentina. The company was incorporated in 1997 and is based in Sydney, Australia.
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