Dec 13, 2018 Caroline Harris

Mining Penny Stocks are Fluctuating: Look at Standard Lithium

penny stocks

Mining penny stocks are fluctuating today. There’s Lithium Chile (TSXV:LITH), which is trading up 1.85% on no news. There’s MGX Minerals (CSE:XMG), which is trading down 2.15% on news that its joint venture partner is no longer drilling at a lithium project in Chile.

Then there’s Standard Lithium (TSXV:SLL), trading down nearly 5%, twenty-four hours after disclosing reassuring news.

Even though this is a pattern mining penny stocks often take, what gives?

Mining Penny Stocks: Keying in on Standard Lithium 

Based in Vancouver, British Columbia, Standard Lithium is involved in exploration and the development of lithium brine properties throughout the United States. This includes California, Texas, and Arkansas.

The latest announcement from the company came on Wednesday, December 12th. It was then the Canadian mining company announced that it completed the commissioning process for its prototype crystallization pilot plant.

Standard Lithium added that it produced its first quantity of high purity lithium carbonate. On the news, shares of Standard Lithium went unchanged.

Most mining investors know that lithium is a hot commodity and that Standard Lithium is a company that focuses on US-based lithium brine resources and bringing them into production. And the company seems to be moving at a decent pace when it comes to achieving these goals.

>> Penny Stocks to Watch: Enservco and Smart Sand

But today the Standard Lithium stock is telling a different story. Down nearly 5%, is it because mining penny stocks often fluctuate, or does it indicate investor skepticism?

Standard Lithium Stock Price 

According to Yahoo Finance, as of 1:51 PM, Standard Lithium is trading at $0.95, which means it is down 3.06%. The company trades in a 52-week range of $2.61 and 80 cents.

Thursday’s decline likely has to do with mining penny stocks being volatile and not because of investor skepticism. After all, the company is doing major things.

Takeaway

Check back in next week for more penny stock news!

Featured Image: depositphotos/pinkblue

Please See Disclaimer


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 two hundred and two thousand, five hundred and sixteen canadian dollars and sixty-one cents for 64 campaign days (46 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.