Lithium Royalty (OTCMKTS:LITRF) Shares Down 1.4% – Should You Sell?

Lithium Royalty Corp. (OTCMKTS:LITRF) shares were down 1.4% during mid-day trading on Thursday . The stock traded as low as $7.15 and last traded at $7.15. Approximately 2,666 shares changed hands during mid-day trading, an increase of 140% from the average daily volume of 1,113 shares. The stock had previously closed at $7.25.

Lithium Royalty Stock Performance

The firm’s fifty day simple moving average is $5.37 and its 200 day simple moving average is $4.67.

About Lithium Royalty

Lithium Royalty Corp. is a Canada-based company dedicated to acquiring and managing royalties on lithium production and development projects. As a pure-play lithium royalty company, it does not operate mines directly but instead holds non-operating royalty interests that provide exposure to the growing lithium sector without the capital intensity and operational risk associated with mine ownership.

The company’s portfolio includes a 7.5% net smelter return (NSR) royalty on the Fénix lithium operation in Argentina’s Salar del Hombre Muerto, a 2.5% NSR royalty on the Rincon project also in Argentina, and a 2.0% NSR royalty on the Sonora lithium project in Mexico.