The stock of Neo Lithium Corp (CVE:NLC) reached all time low today, Oct, 17 and still has $1.02 target or 14.00% below today’s $1.19 share price. This indicates more downside for the $76.91 million company. This technical setup was reported by Barchart.com. If the $1.02 PT is reached, the company will be worth $10.77M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 1.11M shares traded hands or 328.74% up from the average. Neo Lithium Corp (CVE:NLC) has risen 6.00% since September 17, 2016 and is uptrending. It has outperformed by 0.39% the S&P500.
More notable recent Neo Lithium Corp (CVE:NLC) news were published by: Marketwired.com which released: “Neo Lithium Corp. Announces Completion of Qualifying Transaction and …” on July 19, 2016, also Business.Financialpost.com with their article: “As lithium market booms, explorer Neo Lithium Corp eyes Toronto listing” published on July 04, 2016, Marketwatch.com published: “POCML 3 Inc. Enters Into Binding Definitive Agreement With Neo Lithium Corp …” on April 08, 2016. More interesting news about Neo Lithium Corp (CVE:NLC) were released by: Marketwired.com and their article: “Neo Lithium Wins Prestigious Award” published on September 28, 2016 as well as Marketwired.com‘s news article titled: “POCML 3 and Neo Lithium Announce Completion of $11450000 Financing” with publication date: May 12, 2016.
Neo Lithium Corp is a Canada-based company that holds mineral and surface rights over a discovered lithium salar and brine-reservoir complex in Argentina containing a lithium-rich brine reservoir. The company has a market cap of $76.91 million. The Company’s property is located approximately 250 kilometers to a deep water port in Chile. It currently has negative earnings.
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