Liontown Resources Limited (OTCMKTS:LINRF – Get Rating) dropped 10.1% during mid-day trading on Wednesday . The stock traded as low as 0.85 and last traded at 0.85. Approximately 3,000 shares traded hands during trading, a decline of 52% from the average daily volume of 6,250 shares. The stock had previously closed at 0.94.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group initiated coverage on shares of Liontown Resources in a research note on Wednesday, December 7th. They issued a “neutral” rating and a $1.65 target price on the stock.
About Liontown Resources
Liontown Resources Limited engages in the exploration, evaluation, and development of mineral properties in Australia. The company explores for lithium, gold, vanadium, copper, and nickel deposits, as well as platinum group elements. Its flagship property is the Kathleen Valley lithium project located in Perth, Western Australia.
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