the article talks about a company called Lithos Group Ltd. Their stock has been going down but it looks like it might go up soon. They have a special technology that can make lithium efficiently without using a lot of water or chemicals. Some big companies have tested their technology and they want to buy more of it. So, the Lithos Group's stock might go up because their technology is good and people want to buy it. Read from source...
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bullish
Likely Causes of Sentiment:
Positive test results from Lithos Group Ltd.'s AcQUA™ technology lithium brine tests with SQM on Salar de Atacama Brines is driving the bullish sentiment.
Key Takeaways:
- Technical analyst Clive Maund rates Lithos Group Ltd. an Immediate Strong Buy.
- Positive results from Lithos Group Ltd.'s AcQUA™ technology lithium brine tests with SQM on Salar de Atacama Brines could lead to commercial proposals for paid field work.
Lithos Group Ltd. (LITSF) is a company in the lithium space that looks poised for a significant rebound according to technical analyst Clive Maund of CliveMaund.com. Despite the stock price continuing to drift lower, there is positive news with the company announcing that it has achieved exceptional purity in tests with SQM using its AcQUA™ technology lithium brine. The positive divergence in the Accumulation line suggests a potential major bull market and reversal. Lithos Group's three tier-one lithium producers have also delivered successful processing fluid processing tests. According to Stockwatch, two of the companies are not currently public but SQM and Albemarle have similar market caps of over US$10 billion. Holders of Lithos Group should stay long and may want to add to their holdings. The stock is rated an Immediate Strong Buy by Maund.