Levon Resources (TSE:LVN) Stock Price Passes Below 50 Day Moving Average of $0.16

Levon Resources Ltd (TSE:LVN)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.16 and traded as low as $0.23. Levon Resources shares last traded at $0.23, with a volume of 98,000 shares trading hands.

The company’s 50-day simple moving average is C$0.16. The firm has a market cap of $25.66 million and a P/E ratio of -8.15.

Levon Resources Company Profile (TSE:LVN)

Levon Resources Ltd., an exploration stage company, acquires, explores for, and develops mineral properties in Mexico. The company primarily explores for silver, gold, zinc, copper, lead, and other base metal deposits. Its flagship project is the Cordero project that covers an area of approximately 37,000 hectares located in the Chihuahua state, Mexico.

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