Neometals responds to an ASX price rise query

Neometals {ASX: NMT} has been requested whether they know of any reason for the reason volume and price increase in their share price by the Australian Stock Exchange.

 

 

 

 

 

.

Neometals {ASX: NMT} has been requested whether they know of any reason for the reason volume and price increase in their share price by the Australian Stock Exchange.

 

The company have responded that they have noted an increase in interest in lithium companies across the board, and that may be the reason for the recent price gains.

 

Their responses to the other questions posed by the ASX is in line with a standard response form a company that is not aware of any significant reason for a sudden increase in share price.

 

Given that NMT have recently been around the 50c mark, and the lithium price and their deal twith Ganfeng Lithium of China have improved since then, perhaps the ASX should be asking them why the price is so low?

 

NMT could receive around AUS $20 million next financial year, that puts the PE on a very low rating indeed, and all the rest in for free!

.