This stock looks to be fighting to hold $1.00 as support which makes it appear very bullish in the short-term.
Even though it has fallen below the $1.00 level a few times, LITH has found legs for another run back above that level.
This Is HUGE...
If LITH maintains this support, it could look to make another major run up the charts as traders could see the $1.00 level as a potentially undervalued range for this stock to be trading in.
The slightest bit of positive news could lead to another big breakout. LITH requires your immediate attention because of press releases like this:
#3 LITH Potential Key Catalyst - BioELife Mobilization
BioELife Corp Mobilizes to Produce and Distribute Coronavirus (COVID-19) and Bacteria Protection Products
HENDERSON, Nev., March 12, 2020 (GLOBE NEWSWIRE) -- BioELife Corp. (OTC QB: LITH) (the “Company”), formerly known as US Lithium Corp., announces that the Company’s chemists and medical advisors have completed their specifications for, and selection of, virus and bacteria protection products including a powerful hand sanitizer fortified with CB and ultra-protective Nano-Fiber Face Masks. The masks will be manufactured by Respilon, a leading producer of nanofiber products. These products will be part of the Company’s BioEDefender product line and are now available for pre-order on the Company’s ecommerce site, [...], with expected fulfillment the first week of April.
The core of the masks consists of the latest technology using four layers of protection including a nanofiber membrane, RespiPro, with a 60 nano-meter opening that mechanically captures 99.9% of viruses and bacteria. These masks also contain a revolutionary layer of fabric with accelerated copper dioxide (ACuO) which deactivates viruses and bacteria with a 99.9% efficiency. This new pathogen-deactivating feature helps reduce the spread of viruses. The masks can be reused for several days and are not considered biohazardous material after use. A second version, the Respiratory Shield, also has a Bacterial and Virus Filtration Efficiency of 99.9% and with same benefits but was engineered for 50 washing cycles. See more including videos at www.respimasks.com.
The BioEDefense Hand Sanitizer is a proprietary formulation that combines Vitamin E, Aloe, and other nutrients fortified with pure CB in a blend with a 70% alcohol base. This exceeds the Center for Disease Control’s recommended alcohol potency for viral and bacterial defense and protection. While CB is not a cure for the Coronavirus, its anti-bacteria, anti-anxiety, anti-inflammatory properties can assist and be very beneficial in the fight against this global pandemic.
Gregory Rotelli, Chairman of the Board and President of BioELife stated, “We are very proud of our emerging virus and bacteria protection product line which was specifically designed to aid this worldwide crisis. Our Respilon masks are by far the most effective available due to their revolutionary Nano-Fiber Technology and our BioEDefense Sanitizer exceeds The Center for Disease Control (CDC) Guidelines for viral and bacterial defense while being fortified with the beneficial proprieties of CB. Most importantly, we are providing these critically important products on our ecommerce site, [...], at an attractive value point compared to less effective options being sold by our competitors at much higher price points.”
Read the full article here.
#4 LITH Potential Key Catalyst - Official Name Change
BioELife Corp. (US Lithium Corp.) Enters Into Significant Product Purchase Agreement, Launches Corporate Website and Completes Name Change
HENDERSON, Nev., March 04, 2020 (GLOBE NEWSWIRE) -- BioELife Corp. (OTC QB: LITH) (the “Company”), formerly known as US Lithium Corp., is pleased to announce that it has achieved several key milestones during its initial month of operating its CB business. The Company received a purchase order for its entire first production run of ChiroRub 2000, its proprietary relief rub formulation containing 1,000 mg of CB per ounce. It is also extending packaging options across several product lines. The Company has now launched both its and corporate website, [...], and its wholesale website, [...]. The name-change to BioELife Corp. became effective as of March 3, 2020. A change to the Company’s trading symbol, to better reflect the new name and strategic direction, should be completed in the next 30 days.
The initial purchase order from CB wholesaler, CBNext, covers all current BioELife products – lotions, tinctures, and gummies. CBNext is marketing CB products directly to Chiropractic Network Distributors as well as to consumers through mass media channels. The initial launch, focused on the East Coast, will be expanded nationwide over the next 60 days. The Company has also developed a new 3 ml packaging option for single use applications which are critical in the medical industry. Further packaging enhancements will be implemented over the next 30 days as the Company expands its manufacturing efforts to meet the needs of wholesale, retail and consumer channels. Wholesale orders and payments are being accepted on BioELife’s ecommerce site, [...], and the recently launched corporate site, [...], provides information on the Company as well as investor relations and SEC filings.
Gregory Rotelli, Chairman of the Board and President of BioELife stated, “ChiroRub 2000 was extremely well accepted across multiple sales channels. We look forward to expanding the packaging options as we continue to improve people’s lives through the use of non-addictive remedies that provide relief. We expect our 3 ml packaging to be ready within three weeks followed shortly by our CB Gum Drops in a 4 pack. We’ve made significant progress during our first month as we continue to position BioELife as a significant force in the CB industry. We understand the market and are diligently identifying and pursuing our niche.” He concluded, “I appreciate the hard work and dedication of our team and all our partners who have contributed to these initial achievements.”
Read the full article here.
With the slightest bit of more positive news like the onslaught we've already seen in March, and it could light a fire under this stock and catapult it up the charts.
And, as Yahoo Finance reports this stock to only have 1.21Mn shares in its float, volatility could be a major factor in a short-term breakout if the news is good.
LITH might not trade at these levels for much longer... Get it on your radar now.