Lake Resources NL (OTCMKTS:LLKKF – Get Rating) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 8,042,600 shares, an increase of 20.9% from the August 15th total of 6,654,100 shares. Based on an average daily volume of 1,333,700 shares, the short-interest ratio is presently 6.0 days.
Lake Resources Stock Performance
Shares of OTCMKTS LLKKF traded up $0.03 during mid-day trading on Friday, reaching $0.62. 1,758,685 shares of the company traded hands, compared to its average volume of 1,364,784. The company's fifty day moving average is $0.70 and its two-hundred day moving average is $0.96. Lake Resources has a fifty-two week low of $0.36 and a fifty-two week high of $1.97.
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Lake Resources NL explores for and develops lithium brine projects in Argentina. Its flagship project is its 100% owned the Kachi lithium brine project that consists of 39 mining leases covering an area of approximately 74,000 hectares located in Catamarca province, Argentina. The company was incorporated in 1997 and is based in Sydney, Australia.See Also
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