NMKEF - Nemaska Lithium - Not Buying This Rally
Nemaska Lithium (OTCQX:NMKEF) recently unleashed a massive bombshell upon the markets when the company provided an update on the status of its Whabouchi Lithium Project, located in Quebec, Canada, and stated that the company needed to raise an additional C$375 million to complete construction.
Right on cue, then, at market open on February 13, shares of NMKEF began to immediately head south, breaking below C$0.30/share, and at one point was down an astounding ~50%, relative to the previous day's trading session.
Termination of the Livent Supply Agreement
Over the next few trading sessions,