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Electra Battery Materials Corp V.ELBM

Alternate Symbol(s):  ELBM

Metals & Mining Industrial Metals & Minerals
Electra Battery Materials Corporation is a Canada-based processor of low-carbon, ethically sourced battery materials. The Company is focused on building a supply of cobalt, nickel and recycled battery materials. It is engaged in the business of battery materials refining, including refining material from mining operations and from the recycling of battery scrap and end of life batteries. It owns two main assets: the refinery located in Ontario, Canada and the Iron Creek cobalt-copper project located in Idaho, United States. Its projects include Ontario Refinery, Recycling, Becancour, North American Nickel and Iron Creek. It is in the process of constructing its expanded hydrometallurgical cobalt refinery, assessing the various optimizations and modular growth scenarios for a recycled battery material (known as black mass) program, and exploring and developing its mineral properties. The Iron Creek Project consists of mining patents and exploration claims over an area of 3,300 hectares.


TSXV:ELBM - Post by User

Electra Battery Materials Corp
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Comment by onions7777on Jul 23, 2018 12:59pm
152 Views
Post# 28353726

RE:RE:RE:RE:RE:RE:does anyone have any idea why this stock is dropping so hard

RE:RE:RE:RE:RE:RE:does anyone have any idea why this stock is dropping so hardI use the same method with all my Day Trades. I'll use technical indicators. FCC 3 Month RSI is currently @22.3. Oversold if you use the classic 70/30 14 point smoothing. I use 80/20 20 point so without a good news release I wouldn't touch this yet. Last reversal on July 09 RSI was at 15.3. I'm aiming for 15. Price should be around .27-.30. Shorts will cover at this price considering most shares are borrowed @~20% interest rate. Obviously with a good news release I would jump in if the price was right, and with bad news I would aim lower. This stock is very bullish and volatile with news. I would flip at first sign of resistance and probably would not hold overnight. That's just my way and opinion. Good Luck!!
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