JPMorgan Chase & Co. lowered shares of Galaxy Resources (OTCMKTS:GALXF) from a neutral rating to an underweight rating in a research report released on Monday morning, The Fly reports.

Shares of OTCMKTS:GALXF opened at $1.07 on Monday. The business has a fifty day moving average price of $0.89 and a two-hundred day moving average price of $0.65. Galaxy Resources has a 1 year low of $0.39 and a 1 year high of $1.14.

About Galaxy Resources

Galaxy Resources Limited engages in the production of lithium concentrate, and exploration of minerals in Australia, Canada, and Argentina. The company holds interests in the Sal de Vida project in Argentina; the Mt Cattlin spodumene project in Western Australia; and the James Bay spodumene project in Quebec, Canada.

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