Lomiko Metals Inc. (TSX: V.LMR, Stock Forum) said an exploration crew from Consul-Teck Exploration has completed a sampling program at the Quatre Milles East Property in Quebec.
Lomiko entered the race to locate graphite in January, 2012, when it optioned the Quatre Milles graphite property in Quebec to search for large flake, crystallite graphite, the company said in a press release.
Trading at 6.5 cents on Friday, Lomiko has a market cap of $4.32 million, based on 66.4 million shares outstanding. The 52-week range is 18 cents and $0.025.