Lithium stocks showing green shoots ... can't find any sector wide reason for this, except maybe the forthcoming day Tesla Battery Day ...
Watching closely for the AVZ Announcement ...
With regard to gas (part of a long list
), I like the fundamentals of BLU and GAS, with GAS currently in a trading Halt ...
Both BLU and GAS have MC up around the $100m mark, so the risk / reward / potential upside on EMP is more attractive to me.
6 cents has been the resistance level for EMP for about 4 years now, so no doubt there's quite a few holders lining up to get their money back.
6 cents would also give the more recent buyers the opportunity to lock in a bag or two.
The next set of resistance levels at 11 cents and 20 cents, however, don't have much volume associated with them, and 20 cents would give EMP a MC of only $20m. A heating up sector, and a good announcement or two, and that MC isn't out of the question. We're going to need a fair bit of volume, however, to get through the 6 cents mark.
