Mississauga, ON -- (SBWIRE) -- 01/15/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Drill Results Show More Graphite Mineralization for Canada Strategic Metals and Lomiko Metals."
Companies mentioned in this article include Canada Strategic Metals Inc. (TSX-Venture:CJC), Lomiko Metals Inc. (TSX-Venture:LMR) and Zenyatta Ventures Ltd. (TSX-Venture:ZEN).
Sliding metal prices and investors piling into big board plays that have generally been yielding strong returns in the last several years has weighed heavily on stocks listed on the Toronto Venture Exchange. The exchange is full of smaller, upstart companies, with a large portion in the mineral and energy exploration space, so volatility should be expected, but the Composite Index for the Venture has been beaten mercilessly since September with little reprise from selling pressure. Gold prices edging up since November lows have provided almost no relief and the attack on oil prices certainly haven't helped either.
The bearishness towards juniors has been indiscriminate, but some plays have managed a modest recovery since the start of December, including junior Canada Strategic Metals Inc. (TSX-Venture:CJC) and its partner Lomiko Metals Inc. (TSX-Venture:LMR). Shares of CJC have risen from a low of 4.5 cents last month to a high of 8 cents before settling on Wednesday at 6.5 cents each. Similarly, Lomiko shares have climbed from a bottom at 5.5 cents to a high of 9 cents and closed Wednesday at 7.5 cents each. For technical traders, shares of Lomiko actually have a bit of a large double-bottom look going on over the past half a year.
The full version of this article can be found at:
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