Galaxy Resources Limited (OTCMKTS:GALXF) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.92 and traded as low as $0.85. Galaxy Resources shares last traded at $0.89, with a volume of 49,580 shares changing hands.
Separately, JPMorgan Chase & Co. lowered shares of Galaxy Resources from a “neutral” rating to an “underweight” rating in a research report on Monday, September 14th.
The business’s 50-day moving average is $0.92 and its two-hundred day moving average is $0.67.
About Galaxy Resources (OTCMKTS:GALXF)
Galaxy Resources Limited engages in the production of lithium concentrate, and exploration of minerals in Australia, Canada, and Argentina. The company holds interests in the Sal de Vida project in Argentina; the Mt Cattlin spodumene project in Western Australia; and the James Bay spodumene project in Quebec, Canada.
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