German vs. Canadian Trade Volumes: Power Metals Leads the Lithium Charge

Last week, lithium monopolized the cross-listed trade volumes in the Canadian and German markets, and Power Metals (TSXV:PWM) truly led the “charge.”

Power Metals remained the top trader until Thursday (June 8) after announcing earlier in the week that a drill program at its hard-rock lithium property in Ontario will be increased. Alix Resources (TSXV:AIX) was the top trader by volume on Friday (June 9). The company released news the previous day advising of the completion of a drill program at its property in Quebec; the final results will be released in two weeks. 

Lithium is a chemical, different from other commodities, and there is an indefinite supply from different deposit styles around the world. Investors focused on lithium must be sensitive to political unrest, and should be aware of the development of production and extraction technology. Many investors are interested in companies that are developing and promoting technology that will decrease the time needed to distribute lithium concentrate to manufacturers. 

For example, Voltaic Minerals (TSX:VLT,FF:2P61), which holds the Green Energy lithium property in Utah, is working with Lithium Selective Technologies to develop and systematically test a streamlined process to efficiently extract lithium concentrate from non-conventional brines. This process would use techniques to dramatically reduce the time required to produce lithium concentrate from a brine-type deposit. Voltaic trades about 30 percent of its volume in German exchanges.

Companies that are not currently active in Germany or monitoring these markets may not benefit as much as those that are working to expose themselves there, due to the clear interest of German investors in lithium and other green energy companies. Without further ado, let’s have a look at last week’s trading volumes for Power Metals and Alix Resources.

Monday June 5 to Thursday June 8 — Power Metals

Power Metals is a Vancouver-based exploration company with a focus on hard-rock lithium deposits. As mentioned, the company recently announced an increase in a drill program at its Ontario property. Power Metals has said it believes its pegmatite deposit is split into two dykes as opposed to the original one. Let’s look at the company’s trade volumes last week:

Canadian trading volume (Monday): 364,090

• ALPHA: 16,500
• CDX: 316,590
• CHIX: 19,000
• CX2: 12,000

Germany trading volume (Monday): 1,079,933

• FF: 363,353
• SG: 90,490
• TG: 626,090

Canadian trading volume (Tuesday): 447,841

• ALPHA: 26,000
• CDX: 384,841
• CHIX: 6,500
• CX2: 28,500
• OMEGA: 2,000

German trading volume (Tuesday): 814,705

• FF: 534,123
• MU: 34,359
• SG: 87,600
• TG: 158,623

Canadian trading volume (Wednesday): 732,960

• ALPHA: 20,500
• CDX: 650,960
• CHIX: 28,000
• CX2: 29,500
• OMEGA: 4,000

German trading volume (Wednesday): 958,784

• FF: 352,701
• MU: 10,000
• SG: 71,870
• TG: 524,213

Canadian trading volume (Thursday): 98,200

• ALPHA: 700
• CDX: 89,500
• CHIX: 4,000
• CX2: 2,500
• OMEGA: 1,500

German trading volume (Thursday): 1,203,498

• FF: 440,038
• MU: 74,960
• SG: 81,000
• TG: 607,500

Friday June 9 — Alix Resources

Alix Resources is a Vancouver-based lithium company with properties in Canada, the US and Mexico. As noted above, its latest news release also focuses on its hard-rock lithium property in Quebec. Let’s look at the company’s trade volumes last week:

Canadian trading volume: 899,648

• CDX: 803,648
• CHIX: 2,000
• CX2: 24,000
• OMEGA: 70,000

German trading volume: 1,063,965

• FF: 230,815
• SG: 16,550
• TG: 816,600

By Megan Keevil
Data in this article was obtained from https://app.zimtuadvantage.com, the only free online tool that helps users easily monitor cross-listed stocks in the German and Canadian marketplaces.

Disclaimer: The views and opinions in this article are those of the author and do not reflect the views of Investing News Network or the company examples provided. The author is employed by Zimtu Capital in Vancouver, and Voltaic Minerals is an equity holding of Zimtu Capital. The author holds no direct investment interest in any company mentioned in this article.

About the author — Megan grew up in Vancouver and has been working in the mineral resource industry for a number of years, both in offices and on site. She has a passion for travel and has spent time living in Australia and the UK. Having returned from living in London last fall, Megan currently works as marketing and client relations associate in Vancouver. She enjoys live music, writing, film, photography and recently started making her own soap products.