This Lithium Junior’s Shares Are Soaring

Clayton Valley lithium junior Cypress Development (TSX-V:CYP, OTC:CYDVF) is having an April to remember as its share price has nearly doubled in the last three weeks:

CYP.V (Daily)

After a 4-month consolidation CYP shares have been under steady accumulation for the last few weeks which has driven the share price from C$.19 on April 5th to a high of C$.37 today. Even after nearly doubling Cypress still has a fairly modest C$21 million market cap.

If Cypress is able to produce a positive resource estimate (due by the end of the month) and positive metallurgical studies over the summer, the value of the high grade lithium at Cypress’ Dean & Glory Projects and their ideal location (Nevada, next door to Albemarle’s Silverpeak lithium project, and a few hours from Tesla’s Gigafactory) could be worth multiples of the current market cap.

From a technical vantage point the next potential resistance level is at C$.45 and the C$.30-$.32 area should now offer support on pullbacks.

 

Disclaimer:

The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. Cypress Development Corp is a high-risk venture stock and not suitable for most investors. Consult Cypress Development Corp’s SEDAR profile for important risk disclosures.

EnergyandGold has been compensated for marketing & promotional services by Cypress Development Corp so some of EnergyandGold.com’s coverage could be biased. EnergyandGold.com, EnergyandGold Publishing LTD, its writers and principals are not registered investment advisors and advice you to do your own due diligence with a licensed investment advisor prior to making any investment decisions.

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