Liontown Resources (OTCMKTS:LINRF) Trading Up 6.1%

Liontown Resources Limited (OTCMKTS:LINRF – Get Rating)’s stock price was up 6.1% during trading on Tuesday . The stock traded as high as C$0.96 and last traded at C$0.96. Approximately 2,100 shares traded hands during trading, a decline of 79% from the average daily volume of 10,174 shares. The stock had previously closed at C$0.90.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on LINRF. UBS Group began coverage on Liontown Resources in a research note on Monday, February 6th. They issued a “buy” rating for the company. The Goldman Sachs Group began coverage on Liontown Resources in a research note on Wednesday, December 7th. They issued a “neutral” rating and a $1.65 target price for the company. Finally, JPMorgan Chase & Co. upgraded Liontown Resources from a “neutral” rating to an “overweight” rating in a research note on Monday, January 23rd.
The company has a fifty day moving average of C$1.00.
Liontown Resources Company Profile
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.