Lithium X Energy Corp. (LIX:TSXV) continues to touch the sky and is now way above its 50 and 100 day moving averages.
Junior lithium explorer Lithium X Energy soars
The junior lithium explorer who only received its permits to drill on March 23rd now has an approximate $88 million market cap.
Lithium X Energy has been one of the best performing juniors on the entire TSX Venture in 2016.
Wednesday was another breakout day as Lithium X Energy exploded 20% to close at $1.68 per share, just 2 cents below the all-time high it hit of $1.70 per share.
Alexander Smith wrote up Lithium X Energy on December 1st, 2015 on a day the company traded between $0.36 and $0.57 per share. The article was titled Lithium stocks: bastion of speculation in dead resource game. We highlighted the company’s management which is always key when it comes to the top performing stocks on the Venture:
“The company’s CEO is Mr. Paul Matysek, who is known for leading Energy Metals Corp. to a $1.8 billion buyout by SXR Uranium One in 2007. Most recently, Paul was the CEO of Lithium One who merged with Galaxy Resources of Australia in a $112 million deal.
Lithium X is not Matysek’s only deal as he is also the CEO of Goldrock Mines and Chairman of Nano One Materials (also in the lithium space). He also sits on numerous boards and is credited with having led over $2B in capital growth.”
Click here to read more.
Interestingly enough, we outline Matysek’s success in our ultimate rolodex of Canada’s top small-cap CEOs.
In preparation for the coming TSX Venture bull market, we published our latest EBook in the spring of 2015, where we revealed 50 leaders who took small-cap stocks to stunning multimillion dollar buyouts. The companies these leaders run today are also described. Many of the top entrepreneurs and business minds, including Paul Matysek, in the small-cap mining, tech and energy sectors, operating in North America’s small cap public markets are reviewed.
Click the below image to get your free copy today.
Gold and lithium stocks rise in April Stock Challenge
Pinnacle member ‘niceindy’s combined return improved by 9.49% in April’s Stock Challenge Wednesday.
Member ‘silverandgold’ maintained his lead Wednesday, finishing the day at 70.11% return – near 30% higher than 2nd place.
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