Galan Lithium Ltd (ASX:GLN)’s stock price traded down 7.9% during mid-day trading on Tuesday . The stock traded as low as A$0.17 ($0.12) and last traded at A$0.18 ($0.12), 344,055 shares traded hands during mid-day trading. The stock had previously closed at A$0.19 ($0.13).
The business’s fifty day simple moving average is A$0.18. The company has a market cap of $22.63 million and a P/E ratio of -13.46.
In other news, insider Juan Pablo de la Vega 10,000,000 shares of the stock in a transaction dated Thursday, June 13th.
Galan Lithium Limited acquires, explores for, and evaluates mineral projects. The company primarily explores for lithium, tin, and tantalum deposits, as well as oil. It holds interests in the Hombre Muerto lithium project located within the South American Lithium Triangle in the Hombre Muerto Basin; and Greenbushes South project covering an area of approximately 43 square kilometers located to the south of the Greenbushes mine.
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