Enertopia Corporation (OTCMKTS:ENRT) Stock Falls 7% in a Week: Now What?
Environmental solutions firm Enertopia Corporation (OTCMKTS:ENRT) has not been in the news for more than a month but that did not stop the company’s stock from suffering from a selloff over the past week.
Market Action:
On Friday, ENRT stock lost 1.85% at $0.0570 with more than 468.27K shares, compared to its average volume of 473.86K shares. The stock has moved within a range of $0.0551 – 0.0649 after opening the trade at $0.0649.
Major News
Amidst a steady selloff over the past week, the Enertopia stock tanked by as much as 7% over the past week and it remains to be seen if it can stage a recovery in the coming days. It was back on September 13 this year that the company was last in the news when Enertopia provided the highlights from its fiscal year for 2021 and also provided its projections for the fiscal year 2022.
The company provided considerable details with regards to the range of milestones that it had hit during the 2021 fiscal year and it must have made for interesting reading for many interested investors.
The company is primarily involved in using advanced technology for lithium extraction. In addition to that, it is also involved in verifying intellectual property in the green tech and electric vehicle space. While the announcement back in September was an important it is unlikely that it had any significant effect in the latest selloff.
