Exore Resources (ASX:ERX) Shares Down 5.4%

Exore Resources Ltd (ASX:ERX) shares dropped 5.4% during mid-day trading on Friday . The stock traded as low as A$0.09 ($0.06) and last traded at A$0.09 ($0.06), approximately 2,506,830 shares traded hands during mid-day trading. The stock had previously closed at A$0.09 ($0.07).

The company has a market cap of $40.97 million and a PE ratio of -17.60. The stock’s fifty day moving average price is A$0.08.

About Exore Resources (ASX:ERX)

Exore Resources Ltd engages in the exploration and development of mineral properties. It primarily explores for lithium deposits. The company holds a portfolio of exploration leases covering 126 square kilometers prospective area for spodumene lithium mineralization, including the Spodumenberget project, the Hamrånge project, and the Räggen project situated in Sweden.

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