First Liberty Power (FLPC) Rallies more than 20%, Continues to Climb

Posted by on Sep 08, 2010 | No comment

Our hot stock alert on Tuesday turned out to be another winner as anticipated. The penny stock of First Liberty Power Corporation (OTC: FLPC) soared more than 20% in Tuesday’s trading, giving our subscribers a chance to make a handsome profit in just few hours of trading. The penny stock opened at $0.32 on Tuesday, and touched an intra-day high of $0.48. It closed 22.22% higher at $0.440, with volume up from daily average of 105,000 to 496,227. The penny stock presented a great profit making opportunity to our subscribers.

Shares of FLPC are continuing yesterday’s climb – up 2.27% to $0.45 in today’s morning trading session.

The penny stock of FLPC has a 52-week range of $0.15-$1.10. The stock is now trading above its 10-day, 20-day and 50-day moving averages, which is a very strong bullish signal.

The penny stock rallied on the back of an announcement made by the company that Hasbrouck Consulting would conduct a second Gravity Survey of Lida Valley, Nevada lithium brine prospects.

Commenting on The Gravity Survey completed in June this year by Hasbrouck Geophysics, Glyn Garner, president and CEO of FLPC said that the survey defined a large basin structure within the Lida Valley, Nevada.

The southern part of Lida Valley consists of a region with increase bedrock depth, which continues to the southeast. As per the available gravity survey data, additional survey lines should be created in the southern region of Lida Valley to identify if the structural basin is an enclosed or open basin.

Commenting on the earlier survey results, Garner said that the company is encouraged by the positive results and is looking to move forward with its exploration program.

Based in Nevada, FLPC is a mineral exploration company. The company primarily focuses on lithium and vanadium exploration and development in the U.S. The company seeks to benefit from the projected increase in demand for lithium carbonate and vanadium.

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