Liontown Resources (OTCMKTS:LINRF) Trading Up 7.4% – Time to Buy?

Liontown Resources Limited (OTCMKTS:LINRF) shot up 7.4% during mid-day trading on Monday . The stock traded as high as C$1.63 and last traded at C$1.63. 13,010 shares traded hands during trading, a decline of 18% from the average session volume of 15,946 shares. The stock had previously closed at C$1.52.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group set a $1.75 target price on shares of Liontown Resources and gave the company a “neutral” rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Liontown Resources presently has an average rating of “Hold”.

Liontown Resources Trading Up 7.4%

The firm has a fifty day simple moving average of C$1.58 and a 200-day simple moving average of C$1.32.

About Liontown Resources

Liontown Resources Limited is an Australia-based mineral exploration and development company focused on the discovery and advancement of lithium projects for the global battery market. The company’s principal asset is the Kathleen Valley lithium project in the Eastern Goldfields region of Western Australia, where it is advancing a large-scale hard-rock lithium deposit toward production of spodumene concentrate. Liontown’s project portfolio also includes several early-stage tenements in the region that complement its flagship development site.

At Kathleen Valley, Liontown has completed extensive drilling campaigns and technical studies to define a significant mineral resource and to support engineering and environmental approvals.