A Nevada-based micro cap just announced that it has recently commenced fieldwork on its Yeehaw prospect in southern British Columbia. Shares of Lithium Corp (OTCQB:LTUM) rallied on the news as the lithium industry continues to gain steam.
Lithium Corp is an exploration company based in Nevada. It is engaged in the identification, acquisition, and exploration of metals and minerals. Lithium Corporation is currently exploring two wholly owned prospects located in Nevada, and two prospects in British Columbia. The company's properties include Fish Lake property, San Emidio property, Mount Heimdal Flake Graphite property and B.C. Sugar Flake Graphite property.
Traders were bullish on the news as shares shot up to an early session high of $0.51/share (+7.12%) within the first half hour of trade. This move is a continuation of the recent momentum this stock has had following the breakout of the downtrending resistance from its February peak. Even though it sold off from its early highs, this momentum could be an indication of things to come!
