Technical Analyst Clive Maund strongly recommends Lithos Group Ltd. (LITSF) for immediate purchase based on recent positive news and technical analysis.
Lithos has commenced manufacturing of its AcQUA™ field system for two Tier 1 lithium producers, indicating strong demand for its patented technology. This system eliminates the need for evaporation ponds, making lithium production more sustainable.
Slides from the company's investor deck highlight the increasing demand for lithium, the benefits of Lithos' DEL technology, and the company's potential for revenue generation in the fourth quarter.
The stock chart shows a positive trend, suggesting the potential for another strong upleg. Maund believes the recent news will trigger this upward movement.
Lithos Group is available to investors on the US OTC market, where it trades in healthy volumes. The company's stock closed at CA$0.70, $0.5175 on March 22, 2024.