Lithium Royalty (OTCMKTS:LITRF) Stock Price Up 0.3% – Still a Buy?

Lithium Royalty Corp. (OTCMKTS:LITRF) shares were up 0.3% on Monday . The company traded as high as $7.5749 and last traded at $7.5749. Approximately 379 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 839 shares. The stock had previously closed at $7.55.

Lithium Royalty Stock Performance

The business’s 50 day moving average is $7.14 and its 200 day moving average is $5.42.

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.