Lithium Corporation (OTCMKTS:LTUM) Stock Jumps 14% In a Week: Here is Why
Lithium Corporation (OTCMKTS:LTUM), which is a North America based company engaged in the energy metals space, has seen its stock make a big move in the past week. During the period, the stock has managed to deliver gains of as much as 14% and in light of such strong gains, it may be a good move to possibly take a closer look at it.
Market Stats
On Thursday, LTUM stock gained 2.30% to $0.2450 with more than 60K shares, compared to its average volume of 223K shares. The stock moved within a range of $0.2300 – 0.2450 after opening trading at $0.23.
Lithium Corporation Passive Seismic Survey
As a matter of fact, the company was in the news yesterday after provided an update to its shareholders with regards to the current work at the Fish Lake Valley prospect. The prospect in question is situated in Esmeralda County in Nevada.
In addition to that, the prospect is currently under an option according to which the Morella Corporation is looking to get a 60% interest. While the latest update was an important one, it is also necessary to point out that not too long ago, Lithium Corporation had also started sweeping for barely explored lithium prospects for its 2022 initiatives.
The current optimism with regards to the stock among investors is perhaps understandable and especially so, considering the fact that the company is involved in the fast growing energy storage sector.
Traders Corner
LTUM stock is trading above the 20-Day and 50-Day Moving averages of $0.23 and $0.24 respectively. However, the stock is trading below the 20-Day moving average of $0.31.
