May 16, 2011
SpeculatingStocks.com Stock Pick: Lithium Corporation (LTUM)
Stock Price: $0.36
Lithium Corporation is an exploration company based in Nevada devoted to the exploration for new lithium resources within the state of Nevada. The Company explores and develops potentially economic lithium-enriched brine fields, with an eye to becoming a long-term producer of this increasingly strategic and economically important commodity.
LTUM is a stock that has been receiving a lot of buzz recently. Lithium is more important than ever with cars to electronics relying on lithium as the base power storage unit.
LTUM jumped in its last trading session. This jump made sense because LTUM had strong 50-day and 200-day moving average support at $0.29. Also, this move comes after LTUM traded down from over $1.90 to below $0.40.
We believe that with the amount of investors who are following LTUM and its chart situation that it is an attractive stock play from its current price point.
Speculative Score: 5
1 Being the Least Speculative and Most Confident
10 Being the Most Speculative and Possibly the Most Risky