Lithium Corporation (OTCMKTS:LTUM) Stock Gains: Company Appoints VP Business Development

Lithium Corporation (OTCMKTS:LTUM) was one of the companies which were in focus among investors on Tuesday as its stock ended up with gains of as much as 5% amidst considerable interest.

Trading Data

On Tuesday, LTUM stock gained 4.96% to $0.1459 with more than 110K shares, compared to its average volume of 253K shares. The stock moved within a range of $0.1355 – 0.1490 after opening trade at $0.1490.

Lithium Corporation Appoints VP Business Development

The company, which is involved in supplying energy metals to several key industries, came into the news cycle yesterday; after it announced that it had made Brian Goss the Vice President of Business Development. In this regard, it should be noted that Goss has been a director of the company for a long time and had, in fact, served as its President from back in 2015 through to 2017.

The development seemed to have been welcomed by investors as the stock went on a rally. It should be noted that Goss’ experience in the industry spans more than 19 years. During that period, he worked as an executive, entrepreneur, director, and geologist in the mining industry.

As it happens, he is also the founder of the technical contracting and mining staffing firm Rangefront Mining Services. Goss stated yesterday that he was excited about joining the executive team at Lithium Corporation and went on to note that he was looking to jump-start the company’s plans for growth.

Key Quote

Mr. Goss stated: “I am excited to rejoin the executive team at Lithium Corp and look forward to jumping in to help shape the vision and execute the direction of the Company.”

Technical Data

LTUM stock is trading below the 20-Day and 50-Day Moving averages of $0.16 and $0.19 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.23.