LEXG PPS Ready To BOUNCE After Near Term $0.015 Target Price Recommendation
February 08 2017 - 8:49AM
InvestorsHub NewsWire
CapRock Research
Publishes Speculative BUY Recommendation with $0.015 Near Term and
$0.12 Long Term PPS Guidance
New York - February 8, 2016 – Wall Street Corner Report
CapRock Research last week upgraded its Analyst Coverage on Lithium
Exploration Group Inc. (USOTC: LEXG to a
speculative ‘buy’ recommendation. CapRock
initiated Analyst Coverage on LEXG in early
December with an ‘Accumulate’ recommendation. CapRock’s
current near-term target stock price guidance for
LEXG is $0.015 up from the December near-term
guidance of $0.006. CapRock’s current long-term target stock
price guidance remains at $0.12.
In recent trading, the LEXG PPS went to
$0.01. After the rapid PPS increase, the stock has
experienced a pullback in part due to heavy short selling as
reported by OTC Short Reports. With recent
impressive business development news and with more news
anticipated, combined with the recent Research
Upgrade, we believe the PPS is ready to
BOUNCE and break the $0.01 and hold above
$0.01. We expect at the current PPS, the short sales during
the pullback have covered and the LEXG PPS is now
ready to move up on the next major news release.
LEXG Pending $1.2 Million
Contract With Potential $1.5 Million Follow On
LEXG has made substantial business
development strides since CapRock initiated coverage. Among
other developments, LEXG recently disclosed a
pending $1.2 million contract for access to its Sonic Cavitation
Ltd. lithium harvesting technology that could lead to an additional
$1.5 million in follow on contracts promptly after the execution of
the initial contract:
Lithium
Mining and Refinement Systems Integration Contract
Presentation
CapRock’s full 33-page research report on LEXG is available at:
www.BUYLEXG.com
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This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), and as such, may involve risks and
uncertainties. These forward looking statements relate to, amongst
other things, current expectation of the business environment in
which the company operates, potential future performance,
projections of future performance and the perceived opportunities
in the market. The company's actual performance, results and
achievements may differ materially from the expressed or implied in
such forward-looking statements as a result of a wide range of
factors.
Jack Taylor
info@wallstreetcornerreport.com