Lithium Power Metals Corp. (OTC: PWRMF) is a Canadian lithium mining company that trades for pennies on the over-the-counter market today. Unlike most lithium companies that focus on brine extraction, Power Metals aims to extract lithium from hard rock deposits. While the process is more complicated and in some cases more costly, it isn’t as sensitive to weather conditions as brine extraction. As the global demand for lithium increases, hard rock extraction will become increasingly viable, putting this company into a unique position.

While Power Metals is yet to fully develop its revenue streams or turn a profit, its efficient handling of capital makes it an interesting pick. Its gross income and EBITDA declines have slowed significantly over the previous five years. This is important because it signals that the company will be prepared to run efficiently once its lithium properties are operational.

This lithium stock pick is highly speculative, but this is the case for most penny stocks. It’s compelling as a small holding in a diversified portfolio. Its low price combined with the high potential for hard rock lithium extraction makes it a top alternative bargain stock in 2020.

Key Data:

  • 1 Year Price Growth: 79%
  • YTD Price Growth: 93%
  • 3 Month Price Growth: -9.86%

data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.