Sayona Mining (OTCMKTS:SYAXF) Trading Down 13.7% – Time to Sell?

Sayona Mining Limited (OTCMKTS:SYAXFGet Free Report) was down 13.7% on Friday . The stock traded as low as $4.34 and last traded at $4.34. Approximately 5,734 shares traded hands during trading, a decline of 77% from the average daily volume of 24,962 shares. The stock had previously closed at $5.0280.

Sayona Mining Price Performance

The business’s fifty day moving average is $4.94 and its two-hundred day moving average is $3.35.

About Sayona Mining

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Sayona Mining Inc (OTCMKTS:SYAXF) is a mineral exploration and development company focused on advancing high-grade lithium projects in North America and Australia. The company’s principal activities include the exploration, evaluation and development of lithium deposits to supply the growing demand for lithium-ion batteries in electric vehicles and energy storage systems. Sayona aims to establish a vertically integrated supply chain for lithium concentrate production and downstream processing.

In Canada, Sayona Mining controls several key projects in the province of Quebec, including the fully permitted Authier Lithium Project and the Moblan Lithium Project near the James Bay region.

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