LEXG

Lithium Exploration Group – LEXG.OB

Lithium Exploration Group Inc. (LEXG) is a junior miner that focuses on the development of possible lithium brines. LEXG has a presence in both Canada and South America. The company is hoping to take advantage of the increasing demand for lithium that is used in consumer products and green technologies.

Now, sometimes the best way to make money in penny stocks is just to catch one that is moving and try to hold on as long as possible. For instance, if you were lucky enough to buy shares of Lithium Exploration Group (LEXG:OB) in March, you have been handsomely rewarded. Remember, as we have said many times before, sometimes stocks just go higher for no other reason other than supply and demand. According, to Yahoo Finance, Lithium Exploration has a market cap of a little over $150 million. Despite recently issuing several positive PR’s, the company is losing money. LEXG has two foreign projects, the Valleyview Project in Canada and the Salta Project in Argentina.

According to the company, both sound promising and there is no doubting that “green technologies” seem to be hot right now. However, penny stocks often don’t evolve into hot penny stocks on fundamentals. They usually move on good old supply and demand. Now, LEXG looks incredible on a technical basis. Especially after seeing a series of higher highs. The question to ask yourself is pretty simple ? Did I miss it ? Or. Is LEXG going to make a run at $4. Whatever you answer is, LEXG should be added to your penny stocks list.

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