The stock of Nemaska Lithium Inc (CVE:NMX) is a huge mover today! The stock closed at $1.24 during the last session. It is down 167.50% since December 21, 2015 and is uptrending. It has outperformed by 160.30% the S&P500. The move comes after 6 months positive chart setup for the $305.06M company. It was reported on Jul, 29 by Barchart.com. We have $2.03 PT which if reached, will make CVE:NMX worth $195.24 million more.
Nemaska Lithium Inc. is a Canada-based company, which is engaged in the exploration and development of hard rock lithium mining properties and related processing of spodumene into lithium compounds. The company has a market cap of $305.06 million. The Firm owns two mining properties, which include Whabouchi and Sirmac in the Eeyou Istchee/James Bay territory in the province of Quebec. It currently has negative earnings. The Whabouchi Property is composed of one block totaling 33 claims covering an area of approximately 1,761.9 hectares, which has lithium found in the spodumene.
Source: Can Nemaska Lithium Inc’s Tomorrow Be Different? The Stock Increases Again – Consumer Eagle