2nd email pump in two daysMust of bought it at the open...
Dear Alphastox Subscribers,
It’s been a long time since we’ve seen a stock open the way
Lithium X Energy (TSXV:LIX) did yesterday. The company closed a financing at $0.15/share and the stock opened up at $0.36/share and hit a high of $0.57/share in short order. The stock is currently trading around the $0.45/share range giving it a market cap of just over $12.5 million. As I said in my first article, even though the company is still at its infancy, this is a deal you need to keep on your radar screen. Having the likes of Frank Giustra and Paul Matysek putting their name all over the deal is a huge testament to their belief and support in the project and the market is definitely taking notice. The stock has already traded over 2.3 million shares in the last two days and it seems investors are starting to accumulate the rest of the position they weren’t able to get at the $0.15 financing.
The company is starting to gain a lot of traction in the press as well. Just recently,
Android Authority published an article on the lithium space and featured Lithium X Energy as a company to watch. The article was very well done and I highly encourage all of you to have a read through it here:
https://www.androidauthority.com/lithium-industry-overview-651670/
In addition, for anyone that missed it, here is a link to a video that gives you a great introduction to the company:
https://www.youtube.com/watch?v=3q1xg6GJ3cg
LIX also just increased their land position to over 4,000 acres getting closer to Pure Energy’s total land position of just over 9,000 acres. Even though Paes-Braga and his team are just starting out, I can easily see them ramping up their news flow in the early new year. Through more acquisitions and an active drill campaign, LIX should be an exciting story to watch going forward! We already know the lithium space can get the market excited, now let’s see what the number one team can do with a fantastic asset.
Make sure you keep
LIX.V on your radar screens as I should have a lot more updates for you to
come soon.
As always, if you have any questions, please do not hesitate to get in touch with me anytime. I look forward to hearing from you.
Best,
Etienne