Enertopia Corporation (OTCMKTS:ENRT) Stock Rockets After The Key Update

Enertopia Corporation (OTCMKTS: ENRT) was up 23%. The company, which is focused on creating shareholder value via a combination of its Nevada Lithium claims, green tech patents, and IPs, has announced its latest solution testing updates before sending samples to the DOE project for Phase 1 testing.

Market Action:

On Thursday, ENRT stock rose 23.16% at $0.0670 with more than 380.15K shares, compared to its average volume of 474.33K shares. The stock has moved within a range of $0.0544 – 0.0674 after opening the trade at $0.0558.

Provides Clayton Valley Lithium Project Update

The company’s brine creation phase focused on roasting with chloride salt and distilled water to create low impurity with neutral –slightly basic PH solutions. Preliminary results indicate the possibility of low environmental, low capex, and low carbon footprint in lithium carbonate production.

A major advantage of lithium-hosted claystone claims is making lithium-rich solutions work with the DLE process. This results in a potentially environmentally friendly and economic recovery process in the fast-growing field.

CEO Robert McAllister said that they have already bookmarked two spectrum ends that will be utilized in the first round of solution testing using the DLE process. McAllister said that throughout the project and in months to come, the company would offer additional updates. Therefore, in the coming weeks, ENRT is worth watching.

Key Quote:

“We have bookmarked the two ends of the spectrum to be used in the first series of solution tests, using the technology mentioned above.

Throughout this project, and in the coming months, we will provide updates when results warrant,” Stated President and CEO Robert McAllister.”

Traders Note:

ENRT stock is trading below the 200-Day and 50-Day Moving averages of $0.0969 and $0.0674 respectively. However, the stock is trading above the 20-Day moving average of $0.0624. The stock is up 20% in the past month.