Short-term interest in Lake Resources NL (OTCMKTS:LLKKF) drops 33.4%

Lake NL Resources (OTCMKTS: LLKKFGet 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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