Prospect Resources (ASX:PSC) Stock Price Up 6.9%

Prospect Resources Ltd (ASX:PSC)’s share price rose 6.9% on Monday . The company traded as high as A$0.16 ($0.11) and last traded at A$0.16 ($0.11), approximately 130,383 shares changed hands during trading. A decline of 97% from the average daily volume of 4,840,000 shares. The stock had previously closed at A$0.15 ($0.10).

The stock has a market cap of $36.57 million and a price-to-earnings ratio of -4.43. The stock’s 50-day simple moving average is A$0.15 and its two-hundred day simple moving average is A$0.09.

About Prospect Resources (ASX:PSC)

Prospect Resources Limited engages in exploration, evaluation, and development of mineral properties in Zimbabwe. The company primarily explores for lithium and gold deposits. Its flagship project is the Arcadia lithium project that covers an area of approximately 14 square kilometers of granted mining rights located to the east of Harare, Zimbabwe.

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