Pilbara Minerals (OTCMKTS:PILBF) Trading Down 7.3%

Pilbara Minerals Ltd (OTCMKTS:PILBF) shares were down 7.3% during trading on Tuesday . The company traded as low as $0.31 and last traded at $0.31, approximately 3,000 shares were traded during trading. A decline of 90% from the average daily volume of 28,594 shares. The stock had previously closed at $0.33.

Separately, JPMorgan Chase & Co. downgraded Pilbara Minerals from a “neutral” rating to an “underweight” rating in a research note on Tuesday, May 28th.

The business has a 50 day simple moving average of $0.34.

About Pilbara Minerals (OTCMKTS:PILBF)

Pilbara Minerals Limited engages in the exploration, evaluation, and development of mineral resources in Australia. The company focuses on the development of Pilgangoora lithium-tantalum project located in the Pilbara region of Western Australia. Pilbara Minerals Limited is headquartered in West Perth, Australia.

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