A small mineral company just announced that it has developed a stable diesel fuel additive, which increased the performance of diesel fuel by up to 10% in initial testing. According to the release, these early results can be improved further through additional optimization work. Shares of ZEN Graphene Solutions Ltd (OTCPK:ZENYF) shot up on the news.
ZEN Graphene is a mineral development company, engaged in the acquisition, exploration, and development of properties for the mining of precious and base metals. It is focused on developing the Albany Graphite Deposit, which is a rare, igneous related, fluid-derived micro-crystalline graphite deposit with the potential to produce natural, high-purity graphite that may compete in high-technology markets traditionally reserved for synthetic graphite. The company's graphite deposit is on the north of the Trans-Canada Highway, power line and natural gas pipeline.
Traders were bullish on the news as shares hit a session high of $2.25/share (+9.76%) as we head into the last hour of trade. This move is a strong confirmation of the potential trend reversal that may lead to a nice long-term rally.
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