Ganfeng Lithium Group (OTCMKTS:GNENF) Stock Price Down 2.4% – Here’s What Happened

Ganfeng Lithium Group Co., Ltd. (OTCMKTS:GNENF)’s share price was down 2.4% during trading on Monday . The company traded as low as $6.22 and last traded at $6.4150. Approximately 4,008 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 7,042 shares. The stock had previously closed at $6.57.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered Ganfeng Lithium Group from a “neutral” rating to a “sell” rating in a research note on Sunday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Ganfeng Lithium Group has a consensus rating of “Sell”.

Ganfeng Lithium Group Stock Down 2.4%

The firm’s fifty day moving average price is $6.04 and its 200 day moving average price is $4.22.

Ganfeng Lithium Group Company Profile

Ganfeng Lithium Group Co, Ltd. manufactures and sells lithium products in Mainland China, rest of Asia, the European Union, North America, and internationally. It operates through three segments: Lithium Metal and Compound, Lithium Battery, and Lithium Ore Resource and Others. The company has interests in the Mount Marion mine located in Australia; Cauchari-Olaroz project situated in Jujuy Province, Northwest Argentina; Mariana project located in Salta Province, Argentina; Sonora project situated in Mexico; Pilbara Pilgangoora lithium-tantalum project located in Western Australia; Ningdu Heyuan mine situated in Ningdu County, Ganzhou City, Jiangxi Province; Avalonia project located in Ireland; Qinghai Yiliping lithium salt lake project situated in the Qinghai Province; Goulamina spodumene ore project located in southern Mali, Africa; PPG lithium salt-lake project located in Salta Province, Argentina; and Songshugang tantalum-niobium mine project located in Jiangxi Province.