Advantage Lithium Corp AVLIF

Metals & Mining Industrial Metals & Minerals

Advantage Lithium Corp is engaged in the acquisition and exploration of lithium properties. It operates in single segment namely the exploration and development of unproven exploration and evaluation assets. The company's principal business objective has been the identification and evaluation of companies, businesses, properties, or assets with a view to acquisition or participation therein. Its projects include Cauchari; Incahuasi; Guyatayoc; Antofalla; and Clayton.

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Advantage Lithium Corp > Not a great day

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Comment by eebleron May 02, 2018 11:21am

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Post# 27970226

RE:RE:Not a great day

This could just be automated selling. The 200-day moving average was at 90c so all it would take is for the sp to drop below that by 1/2 cent and a whole bunch of selling bots would have taken over and sold on a technical criteria. It was probably also a logical place for stop-losses to be placed so it could also have been a stop-loss flush orchestrated to shake out a bunch of shares for cheap in advance of the resource update. I have seen it a number of times where in advance of a potential notable resource update the market manages to shake out the weak hands and then ride the bump on news.

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