There are some companies that may be all set to come on to the radars this morning and it could be a good idea for investors to have a bit of an idea about those companies. One company that you could consider looking into this morning is Enertopia Corporation (OTCMKTS:ENRT).
Trading Data
On Wednesday, ENRT stock gained 18.18% to $0.0416 with more than 161K shares, compared to a volume of 117K shares. The stock moved within a range of $0.0371 – 0.0458 after opening trade at $0.0400.
Enertopia Atmospheric Water Generator Pending Patent Filed
The company is focused on creating value through its lithium claims in Nevada, patents, and intellectual property. On Wednesday, the company came into focus after it announced that it had been successful in filing its third non-provisional pending patent in 2022. The latest patent in question is for a WATER PRODUCING SYSTEM FOR A LIQUID TRANSFER MAT.
The company announced yesterday that the patent was related to a method that Enertopia Corporation created for extracting moisture through the lowering of temperature in the Heat Extractor system to lower than the dew point of ambient air.
The water is going to be formed on the outside of the surface and then the drops of water are going to be caught in a catch basin. It was a significant new announcement from the company and it is going to be interesting to see if the stock can actually make a strong move any time soon.
Key Quote
“Enertopia has made great strides forward in the last year by continuing to develop our Nevada lithium property, expanding into Green Technology has resulted in several opportunities that we continue to investigate in improving mining and society at the same time,” stated the CEO Robert McAllister.
Technical Data
ENRT stock is trading below the 50-Day and 200-Day Moving averages of $0.0432 and $0.0458 respectively. Moreover, the stock is trading above the 20-Day moving average of $0.0457. The company has a total market capitalization of $6.44 million. The stock is down 11% over the past 6 months.
