$ELMT.c could see a BIG rebound soon. There are a couple of things that have me bullish on Element Nutritional Sciences (CSE: ELMT) atm.
$ELMT.c shares are currently retesting support at all-time lows, where the last rebound saw shares into a 120% jump up. Keeping an eye out for a jump in volume above 1M will be a good indicator that another price spike is incoming.
Additionally, $ELMT.c is looking to launch a new product in Q3 that blows the entire whey protein supplement market out of the water. The company’s new Rejuvenate Muscle Activator beverage boasts a high muscle protein synthesis of 57%. This is 150% greater than traditional whey-based protein supplements.
The conjunction of these two events has me expecting some big price moves for $ELMT.c in Q3.
$ELMT.c is currently trading at $.21, valued at $19.16 million.
https://ceo.ca/@businesswire/element-nutritional-sciences-completes-production-trials