ASX stock GT1 off and Racing on the Lithium Pump.

I took a very small position on this stock a couple of days ago after spotting it earlier and then seeing the pull back.

Definitely not a trade recommendation as I think it is probably well over cooked on its RSI, but might be one to keep on your radar longer term if you are interested in Lithium miners.

I like that they are newly listed and North American focused.

From their media releases:

Green Technology Metals is a North American focussed lithium exploration and development business. The Company’s Ontario Lithium Projects comprise three high-grade, hard rock spodumene assets (Seymour, Root and Wisa) covering 95km2 of highly prospective tenure north-west of Thunder Bay in Ontario, Canada. All sites are proximate to excellent existing infrastructure (including hydro power generation and transmission facilities), readily accessible by road, and with nearby rail delivering transport optionality.

They got hit with an ASX speeding ticket and in their please explain reply was:

The Company notes that it has begun its drilling campaign on the Seymour asset (announcement 6 December 2021) and that the Company has sent initial samples to Thunder Bay for expedited assay. The Company is not aware of when these results will become available and will release on the ASX platform once received and analysed.

Comment:

Moved up 8%, but feels overbought. Will be interesting to see if there is a deep correction or not.

Comment:

Pumping. Up another 18% today.

Comment:

Crazy 60% blast before pulling back with the rest of the market. Got stopped out closer to the top so looking for another entry to run again. Alert set at 86 cents.