Pure Energy Minerals Ltd V.PE

Pure Energy does not say why stock is up

[davgro]

2021-01-25 10:59 ET - News Release

Ms. Mary Little reports

PURE ENERGY MINERALS RESPONDS TO STOCK PRICE

Pure Energy Minerals Ltd. is responding to the recent trading activity of its stock. As a general policy, the company does not comment on speculation and rumours. The company is not aware of any material undisclosed developments and has no material information or change to report at this time. The company will inform the market as required and does not have any further comment at this time.

[Marshall]

The agreement they have with Tesla will always bring interest to this stock.  Plus their location next to a lithium giant won't hurt them either. Just a bit of overeaction.  It will go back up.   

[Marshall]

The vast desert landscape of Nevada will soon become home to more than just Tesla’s Gigafactory as the electric carmaker has signed an agreement with Vancouver-based Pure Energy Minerals to provide lithium to the battery factory.  The deal establishes a commitment for an annual purchase volume of product over a period of five years by Tesla and/or its authorized purchasers. The

[davgro]

This is an old news release from September 2015 (over 5 years ago).  The fact is that PE is no closer to production than they were at the time of the release.  They have less than $250K in cash and will need financing real soon just to continue their drilling program. All recent upward price movement is based on speculation and hype within the Lithium industry and the influx of retail