Lithium Penny Stocks Go Nuts (LEXG) (LTUM) (AMLM) (LIEG) (AMEL)
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Penny stock Lithium Exploration (OTC: LEXG) is up an astonishing 165 percent this week, in what some are calling "the biggest penny stock promotion of all time."
The surge in the stock has even lit a fire under other lithium penny stocks companies today like Lithium Corporation (OTCBB: LTUM) +380%, American Lithium Minerals Inc. (OTCBB: AMLM) +90% and Li3 Energy, Inc. (OTCBB: LIEG) +60%, Amerilithium Corp. (OTCBB: AMEL) +50%.
A number of investigative websites with proven track records are highlighting LEXG as shady, yet it keeps rising. (Citron Research has a piece here and Streetsweeper.org a piece here)
Is this a short squeeze or is something else at play?
Well according to new research, the stock operators in LEXG may have hit a bit of luck.
According to a new study, lithium slows the development of Alzheimer's disease.
While this look like a boon for lithium companies, the ETF that tracks the lithium sector Global X Lithium ETF (AMEX: LIT) is doing little over the past few days, which suggests the move in these penny stocks is pure speculation and it wouldn't be surprising to see these stocks fall back to earth soon.
The surge in the stock has even lit a fire under other lithium penny stocks companies today like Lithium Corporation (OTCBB: LTUM) +380%, American Lithium Minerals Inc. (OTCBB: AMLM) +90% and Li3 Energy, Inc. (OTCBB: LIEG) +60%, Amerilithium Corp. (OTCBB: AMEL) +50%.
A number of investigative websites with proven track records are highlighting LEXG as shady, yet it keeps rising. (Citron Research has a piece here and Streetsweeper.org a piece here)
Is this a short squeeze or is something else at play?
Well according to new research, the stock operators in LEXG may have hit a bit of luck.
According to a new study, lithium slows the development of Alzheimer's disease.
While this look like a boon for lithium companies, the ETF that tracks the lithium sector Global X Lithium ETF (AMEX: LIT) is doing little over the past few days, which suggests the move in these penny stocks is pure speculation and it wouldn't be surprising to see these stocks fall back to earth soon.
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