The candlesticks are currently showing a bullish uptrend above the support line but looking at how the stock has performed in the last 6 months I think it will continue to bounce, which is inline with what the MACD indicator is showing. Also mentioned above, NLC owns 100% of the massive area where they operate, so it’s almost safe to say that FMC Corp will not be a huge risk in terms of generating profit, Risk #3 – Switch from Lithium batteries to some other variant. Approximately 27% of the worlds Lithium supply is mined out from this region, and 12% of which is located in Argentina, where Neo Lithium Corp is operating. This risk is close to impossible from happening, however there’s a sliver of a chance that some big, blockbuster switch from lithium batteries to some other compound occurs, where most lithium mining companies would be heavily impacted. NLC has a strong net cash position, approximately $35M, with little to no debt. Moving on to the candlestick chart w/ moving averages. Yes, I know, the market cap is quite small compared to other big industrial companies, however this company is fresh and is showing great upside potential. Thoughts on flowalgo vs cheddar vs blackboxstocks or any other, Money Supply Is Up 26%, Inflation Coming? Lithium (from Greek: λίθος, translit. NLC | Complete Neo Lithium Corp. stock news by MarketWatch. Toronto Stock Market & Finance report, prediction for the future: You'll find the Neo Lithium share forecasts, stock quote and buy / sell signals below.According to present data Neo Lithium's NLC shares and potentially its market environment have been in a bullish cycle in the last 12 … More info on the competitors will be included below in the risks section. CHANGE-0.31 (-8.883%) VOLUME. All of the $ values in this post will be in CAD – Canadian Dollars. View this premium StockCalc report to see this stock's valuation and how it was calculated using fundamental analysis. There are 2 reasons that I believe would be the cause of the permit being denied, This is a risk that occurs in any industry. They are traded on the TSX, under the ticker symbol NLC.V. Aren’t you betting against your own intuition and risking your position for pennies on the dollar? ADVERTISEMENT. Once this permit is granted, the company will be fully operational and start generating revenue. Most of the worlds lithium is produced by “the big three”: Albermarle Corp, FMC Corp, and SQM (Sociedad Quimica y Minera de Chile), Since NLC is going to be operating in Argentina, the main competitor is FMC Corp. FMC Corp is a big company, however they operate in an area hundreds of miles away from where NLC is going to be mining. Interview with Waldo Perez, President & CEO of Neo Lithium (TSX-V:NLC). Market Insider works with public RSS feeds of best business news websites, personal blogs and provides automatically generated list of financial news links directly referring to its sources. Neo Lithium Improves Quality of Battery Grade Lithium Carbonate to 99.797% Purity at its Pilot Plant 20 hours ago TSX Venture Exchange Stock Maintenance Bulletins Anyone hear of EXp World Holdings ($EXPI). 3Q is the second highest grade project worldwide that is not in production. It is a soft, silvery-white alkali metal. If it does happen, its not good news for NLC. Lol…Paying for Pateron and No Day Trades or Swings with Stock Moe? Fastest platform to verify account and buy stock, VistaGen: Patience Could Lead To Significant Upside, Bullish on stocks taking a temporary hit from COVID, Avoid short-term capital gains tax on short-term trades with a Roth IRA or traditional IRA account, The Week In Crypto – January 17th To January 23rd. The 3Q Project is located in the Catamarca Province, the largest lithium producing area in Argentina covering approximately 35,000 ha including a salar complex of approximately 16,000 ha. This is a decent rating as it indicates the security is neither underbought/overbought. I have watched quite a bit of videos, and gained a minimal amount of knowledge in TA. They are planning to operate in the Lithium Triangle, a region in Argentina/Chile/Bolivia LOADED with Lithium. lithos, lit. Is it worth it to sell my only $TSLA to buy ~13 $GME? I would like to say that while I would love to buy more shares, I’m a semi-broke college student with not a lot of money to invest, so I’m doing the best I can. publicly traded Lithium companies. This is good news because it means that this company is getting noticed and people are buying in. This would be absolutely detrimental to the company as the future of NLC is entirely dependent on this permit being granted. The indicator shows lots of people selling, but the number of which dropping each week, which to me is bullish. Competition is inevitable, and some may see it as a bad thing but I see an increase in competition as a sign of money to be made. Its principal business activities are the exploration and development of resource properties. The no-debt thing was mentioned in their investor presentation, but take it with a grain of salt. NTTHF | Complete Neo Lithium Corp. stock news by MarketWatch. Recently, they secured an ~$8.6M deal with CATL, a massive Chinese lithium battery manufacturer, where 10.2M shares were sold to CATL. Takes you to an interactive chart which cannot interact. Toronto based Neo Lithium Corp. is rapidly advancing its 100% owned 3Q Project – a unique high-grade lithium brine lake and salar complex in Latin America’s “Lithium Triangle”. All market data (will open in new tab) is provided by Barchart Solutions. A solid technical team with enough cash in the bank to get to deliver the FS. It’s flagship property, the 3Q Lithium Brine Project is in the province of Catamarca, Argentina. Reading stock reports on all your devices wherever you want! 50 Companies. Neo Lithium Corp is engaged in the business of exploration operations. Neo Lithium Corp stock and Industrial Metals & Minerals market discussion, news, and analysis from Canada's largest community of active investors Stockhouse.com use cookies on this site. Well, this is the end of my DD. For exchange delays and terms of use, please read disclaimer (will open in new tab). This link is the link to the stockcharts.com graph of NLC. Should you invest in Neo Lithium (TSXV:NLC)? CPE News (9/14/2020) – Neo Lithium Corp. (TSX-V: NLC; OTCQX: NTTHF; FSE: NE2) has entered into an equity subscription agreement with a subsidiary of Contemporary Amperex Technology (SZSE: 300750) (CATL), pursuant to which CATL will subscribe for 10,217,502 common shares of Neo Lithium at a price of CDN $0.84 per share for gross proceeds to Neo Lithium … The area in which they operate is 100% owned by Neo Lithium Corp, which lowers external risks from competitors operating in the area. They are focused on delivering lithium carbonate into the market. Right off the bat I’m going to admit I’m no saint at Technical Analysis. Its principal business activities are the exploration and development of resource properties. I’m no JPM analyst, just a 20 year old trying to make some money. Neo Lithium is rapidly advancing its 100% owned 3Q Project - a unique high-grade lithium brine lake and salar complex in Latin America's "Lithium Triangle". What are you all using for GME – CFDs or Investing? MY POSITION (CURRENTLY) : 122 shares @ $1.50 / share. Currently, NLC is priced at $1.56 / share (@close December 27th) with a market capitalization of ~$187M. SEE … I do plan on buying more shares with any money received over the holidays. It typically drops a few cents when it peaks above 70, but typically recovers once it hits ~50. Only Long Term…What??? Now, into the good stuff. However, the rule of thumb stands, which is to conduct your own TA. I’ve included a risk section to detail every risk that could be potentially threatening to this company. The best thing about this is that the price currently is dirt cheap. Cathie Woods’ Bitcoin Comments and Stock Picks, Cathie Woods’ Top 5 Small-Cap Stock Picks. NLC is a lithium/lithium carbonate mining company headquartered in Toronto, and operating in Argentina. Neo Lithium Corp. (OTCQX: NTTHF) (TSX-V: NLC) is also listed on the TSX Venture Exchange under the ticker (TSX-V: NLC). 2,287,212. For subscribers only. 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