Alpha Lithium Corporation (OTCMKTS:ALLIF) Stock Sees Bearish Trend: A Good Opportunity?

In recent times many companies which are involved in the lithium industry have come into considerable focus among investors. However, if you are looking into the Alpha Lithium Corporation (OTCMKTS:ALLIF) stock, then it is perhaps important to keep in mind that over the course of the past week the stock has declined by as much as 8%.

There has been no news about the company in recent days but in early June the company made a major announcement in relation to the Direct Lithium Extraction testing of raw brine that belonged to the Totillar Salar. Alpha Lithium revealed that after the testing process, a solution was discovered which contained twice the concentration of lithium that had been found previously.

Alpha Lithium Corporation announced that lithium concentration in that solution stood at 9.5 g/L and in addition to that the solution had also displayed the ability to reject a large amount of impurities.

This is a significant development for the company and even though its stock has declined in recent days, it should be borne in mind by investors. The Direct Lithium Extraction had been developed by Beyond Lithium and had displayed good selectivity. Investors could keep the Alpha Lithium Corporation stock in their watch lists at this point.

Market Reaction:

On Wednesday, ALLIF stock fell 0.45% to $0.5575 with more than 358k shares, compared to  its average volume of 571k shares. The stock has moved within a range of $0.5725 – 0.5940 after opening the trade at $0.58. Over the past 52-week, the stock has been trading within a range of $0.5100 – 0.9000.