Anson Resources Limited (OTCMKTS:ANSNF) Stock Consolidates After The Recent Fall

There is no doubt that the lithium industry is all set to garner significant growth over the course of the coming years but that doesn’t meant that all lithium related stocks are performing strongly.

Market Stats

On Friday, ANSNF stock ended flat at $0.0816 with more than 2K, compared to its average volume of 79K shares. The stock has moved within a range of $0.0816 – 0.0816 after opening trading at $0.0816.

Anson Lithium Bromine New Production Wells Update

For instance, the Anson Resources Limited (OTCMKTS:ANSNF) stock has not had a particularly great time over the course of the past month and has recorded declines of as much as 6% during that period.

As a matter of fact, the company could come into focus among investors today after it provided an update with regards to its Paradox Lithium-Bromine Project which is located in Utah.

The update was in relation to the drilling that took place at the two new production well. Not too long ago, Anson Resources had got the much needed approval from the Utah State Government and had move along quickly to start working on relaying the roads to the sites where it established its drilling pads. It goes without saying that the latest announcement from the company was a significant one and it is going to be interesting to see if the Anson Resources stock goes on a recovery this week or not. It may be a good time to keep an eye on the stock.