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Western Magnesium Corp V.WMG.H

Alternate Symbol(s):  MLYF

Western Magnesium Corporation is a producer of green primary magnesium metal. The Company is focused on plant operations and magnesium production. It uses a continuous silicothermic process to produce magnesium with low labor and energy costs while generating minimal waste and toxic by-products. The Company's technology eliminates inefficiencies and allows for a continuous, mass production of magnesium. Its magnesium is used for technological advancement opportunities for American industries including auto, airline, aerospace, and protecting national security interests with the department of defense.


TSXV:WMG.H - Post by User

Post by Bingbong87on Jun 09, 2021 1:55pm
124 Views
Post# 33356057

Technicals

Technicals Due to recent PR, WMG very clearly broke out of a 18 month consolidation period with the volume to back it up. Volume has been increasing along with the share price. The 50ma has crossed above the 200ma in what is known as a golden cross. From a technical standpoint WMG is looking very good 
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