Lithium Penny Stock Powers Higher on Battery Build

Saint Jean Carbon Inc. (CVE:SJL), a lithium penny stock, moved higher after announcing that it and its partner will build a lithium-ion battery

Sean Mason | November 25, 2016 | SmallCapPower

Plans for a lithium-ion battery put a charge into a lithium penny stock Friday. Here’s some small stocks making big moves on Friday, November 25, 2016 (as of 4 pm EST):

Lithium penny stock Saint Jean Carbon Inc. (CVE:SJL) continued to move higher on Friday, up 27% to $0.07. On Thursday, the Company announced that it and its battery manufacturing partner will build a high powered full scale lithium-ion battery with recycled/upcycling material from an electric car power pack and the upcycled anode material from Saint Jean Carbon.

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As well, shares of TransAlta Corporation (TSE:TA) jumped 17% to $7.33 as the power generation company said it has entered into an agreement with the Government of Alberta for the cessation of coal-fired emissions from its Keephills 3, Genesee 3 and Sheerness plants on or before December 31, 2030. In return, TransAlta will receive annual cash payments of approximately $37.4 million, beginning in 2017 and ending in 2030.

Scorpio Gold Corporation (CVE:SGN), meanwhile, reported that its third-quarter adjusted net earnings increased to $2.5 million from $1.1 million during the same period last year. Scorpio Gold stock moved up 8% to $0.07 on Friday following an 8% gain on Thursday.

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