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Micro Cap Lithium Stock Pops Intraday

A Nevada-based micro cap simply introduced that it has just lately commenced fieldwork on its Yeehaw prospect in southern British Columbia. Shares of Lithium Corp (OTCQB:LTUM) rallied on the information because the lithium business continues to achieve steam.

Lithium Corp is an exploration firm based mostly in Nevada. It is engaged within the identification, acquisition, and exploration of metals and minerals. Lithium Corporation is at the moment exploring two wholly owned prospects positioned in Nevada, and two prospects in British Columbia. The firm’s properties embrace Fish Lake property, San Emidio property, Mount Heimdal Flake Graphite property and B.C. Sugar Flake Graphite property.

Traders had been bullish on the information as shares shot as much as an early session excessive of $0.51/share (+7.12%) throughout the first half hour of commerce. This transfer is a continuation of the current momentum this inventory has had following the breakout of the downtrending resistance from its February peak. Even although it bought off from its early highs, this momentum might be a sign of issues to return!

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