LIACF has been bottomed from 2016 high and recovering from long legs with room to go. * Volume spike 2 days now * Trend line broken in heavy volume * Lithium demand for electic battery storage LIACF TSLA NYSE:NAV
With a MARKET CAP of only 140.29M and a Net Income of -9.289M and growing economic demand for lithium-based technologies makes American Lithium maybe worth a shot, especially compared to some other penny stocks out there. American Lithium Announces Maiden Pit-Constrained Mineral Resource of 5.37 Million Tonnes Lithium Carbonate Equivalent Measured and Indicated...
LIACF is likely provider to TESLA for their batteries and 2h north of plant and founded in 2016, good TESLA timing for Lithium. They have cheapest mining processes and under pressure from market correction and headed to 0.35-0.39 from current price before hitting resistance. Looking at LIACF opportunity for entrance and solid 20-30% rebound vs BITFINEX:BTCUSD