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Pure Energy Minerals Ltd V.PE

Alternate Symbol(s):  PEMIF

Metals & Mining Industrial Metals & Minerals
Pure Energy Minerals Limited is a Canada-based lithium resource developer. The Company is engaged in the exploration and development of mineral properties. Its Clayton Valley lithium brine project (CV Project) is located in Esmeralda County, Nevada. The Clayton Valley Project contains an inferred mineral resource of approximately 218,000 tons of lithium carbonate equivalent (LCE). The Clayton Valley Project is located in central Esmeralda County, Nevada, approximately halfway between Las Vegas and Reno, Nevada, United States. Its Clayton Valley Project in the Clayton Valley of central Nevada for the exploration and development of lithium resources, comprises 950 claims over 23,360 acres (9,450 hectares). In addition, the Company is focused on new processing technologies for lithium through its collaboration with global multinational technology partners such as Tenova Advanced Technologies, at the process testing, engineering, and design stage on the Clayton Valley Project.


TSXV:PE - Post by User

Pure Energy Minerals Ltd > What?
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Comment by davgroon Mar 05, 2021 9:57am
218 Views
Post# 32726943

RE:What?

RE:What?
Wayahlife wrote:

Am I missing out on important information? Why is there such a significant loss in today's trading?


There has been a consistent slide in all EV related stocks (i.e. lithium, cobalt) over the past several weeks.  I suspect the speculative hype is dying down and investors are looking at where they really want to invest their money.  The same is happenning in the cannabis sector with most MJ related stocks down considerably over just the past 2 weeks.  Money is being moved into energy stocks and other beaten down sectors (eg. aviation) with the price of oil recovering and hope for an end to the Covid-19 pandemic in sight.

I sold all my PE awhile back for around $1.90.  I missed future stock price increases but I wasn't greedy and felt that PE's lofty stock price wasn't sustainable.  I am still waiting for a good point to buy back in and I believe it is sub $1.  Just my opinion of course.
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