$ELMT.c shares consolidate at support ahead of Q3 catalyst There are a couple of things that have me really bullish on Element Nutritional Sciences (CSE: ELMT) atm.
$ELMT.c shares are currently consolidating at all-time lows, where the last rebound saw shares into a 120% jump. Keeping an eye out for a rise in volume above 1M will be a good indicator that another price spike is incoming.
Additionally, $ELMT.c is looking to launch a new disruptive product in Q3 that blows the entire whey protein supplement market out of the water. The company’s new Rejuvenate Muscle Activator beverage boasts seriously high muscle protein synthesis of 57%. This is 150% greater than any traditional whey-based protein supplement currently on the market.
The conjunction of these two events has me expecting some big price movement from $ELMT.c next quarter.
$ELMT.c is currently trading at $.195, valued at $18.68 million.
https://ceo.ca/@businesswire/element-nutritional-sciences-completes-production-trials