Sep 20, 2018 Caroline Harris

Lithium Penny Stocks Down Except for Standard Lithium—Why?

penny stocks

Standard Lithium (TSXV:SLL) is back in the news. Not only that but the story has made SLL one of the few lithium penny stocks trading in the green on Thursday, September 20th. While SLL trades up, we have stocks like MGX Minerals (CSE:XMG), which was last seen trading down nearly 6%.

Today, NetworkNewsAudio announced an APR titled “New Automakers Emerge as Electric Vehicle Revolution Rages On.” The APR featured Standard Lithium and marked the Vancouver-based company as one of the several companies innovating to meet the demand for electric vehicles.

Lithium Penny Stocks: Standard Lithium

After the APR hit the market, the SLL stock moved into the green—it’s currently trading up just over 2%. Why? Well, first, SLL is getting credited as a leading lithium company.

And two, the APR noted how the Canadian company is leveraging a “moneyball” approach to its Arkansas resource. The lithium penny stock company has done so by signing partnerships with massive chemical producers to leverage existing infrastructure.

The Moneyball Approach

What’s the point of the ‘moneyball’ approach? It’s merely to create a fast-track toward production. Over the past two years, lithium demand has shot up, with increasing interest in electric cars. To stay in the minds of consumers and mining investors, Standard Lithium knows it has to work harder, and faster.

Working Out for Them

Sometimes fast-tracking things end up causing problems for companies. That doesn’t seem to be happening for this particular lithium penny stock company.

As mentioned, Standard Lithium is one of the few lithium penny stocks doing well on the market today (though this isn’t new; the SLL stock soared last Wednesday after the company provided a pilot plant update).

>> Blockchain Penny Stocks: MGT Capital Investments Continues to Tumble

The SLL Stock

As of 1:53 p.m. EDT, Standard Lithium is trading at $1.52, which puts SLL up 2.01%.

The Takeaway

Were you surprised to hear Standard Lithium has taken to the ‘moneyball’ approach? Many aren’t; it has been speculated for a while that Standard Lithium is a lithium penny stock to watch.

Don’t forget to check back in tomorrow for more mining penny stock news!

Featured Image: Depositphotos/© Wavebreakmedia


STOCKS YOU MAY LIKE


Disclosure:

1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on my research and understanding of the sector.

2) The Article was issued on behalf of a third party, Standard Lithium Ltd. Market Jar Media Inc. has or expects to receive the following amounts from Native Ads Inc. in the amount of one hundred nineteen thousand, eight hundred forty seven canadian dollars for 185 campaign days (127 business days).

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on Market Jar Media Inc. should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on Market Jar Media Inc.

5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.