This morning investors are going to be looking into those stocks which may have managed to record notable gains on Friday and by that token, the Enertopia Corporation (OTCMKTS:ENRT) stock could be one to check out. The stock had been in prime focus last Friday and had ended up with gains of as much as 11% as a consequence.
Trading Data
On Friday, ENRT stock surged 11.53% to $0.0503 with more than 47K shares, compared to its average volume of 122K shares. The stock moved within a range of $0.0450 – 0.0503 after opening trade at $0.0489.
Enertopia Corporation Reports Drilling Has Intersected Extensive Lithium Deposit
The company, which is trying to create value for shareholders through its intellectual properties, green technology patents, and Nevada Lithium claim, provided a major update last Thursday. The company provided a major drilling update and it may be a good idea to take a look into it.
The company announced that on August 12 it had managed to receive and analyze all the completed assays from as many as 10 drill holes that had been drilled as part of the drilling program for the month of June.
It was a major new announcement from the company and one that may have brought it to the notice of investors as well as analysts. Enertopia Corporation concluded that the drilling program had displayed that there was a promising lithium-bearing claystone sequence at the site.
Key Quote
“I am extremely pleased that Allan has joined our growing team and after five years of holding the interim CFO title I am more than happy to resign from the interim CFO position. In addition, with John taking on a bigger role on the mineral exploration side it will allow me more time on the technology side to oversee work with our clean energy consultants on our growing list of clean energy pending patents and prototype units entering the buildout phase.” Stated President Robert McAllister.
Technical Data
ENRT stock is trading above the 20-Day and 50-Day Moving averages of $.0440 and $0.0456 respectively. Moreover, the stock is trading above the 200-Day moving average of $0. 0456. The company has a total market capitalization of $7.79 million. The stock is up 13% over the past 6 months.
