Enertopia Corporation (OTCMKTS:ENRT) is a unique firm that is focused on unlocking value for its shareholders by way of the combination of lithium claims that is controls in Nevada.
Trading Data
On Wednesday, ENRT stock fell 2.33% to $0.0420 with more than 60K shares, compared to its average volume of 314K shares. The stock moved within a range of $0.0420 – 0.0460 after opening trading at $0.0460.
Enertopia Announces April 29th 2022 Special Meeting Date for Clayton Valley Asset Sale
However, the company’s stock has been in the middle of a downward spiral over the course of the past week and during the period, it has declined by as much as 5%. Amidst such a decline, it may be a good idea for investors to keep in mind that the company actually made an announcement with regards to a key update.
The company announced that back on February 24, 2022 the company had entered into a definitive sale and purchase agreement with the company Cypress Development Corp. As per the terms of the agreement between the two parties, Cypress Development would be paying Enertopia a sum of $1,00,000 and on top of that, 3,000,000 shares in Cypress for getting entire control of the Clayton Valley Lithium project. The project in question is owned by Enertopia.
It was a major new development for the company and although the stock has performed poorly it may still be a good idea to keep the stock in your watch lists.
Technical Data
ENRT stock is trading below the 20-Day and 50-Day Moving averages of $0.0435 and $0.0426 respectively. The stock is trading in the neutral zone with RSI stands at 48.
