The Canadian lithium stocks on our list have seen the greatest increase in institutional investor ownership
SmallCapPower | September 18, 2017: Lithium demand continues to grow at a robust pace driven by energy grid storage and electric vehicle battery usage. Consequently several lithium stocks are attracting renewed institutional interest. Today we have identified five Canadian lithium stocks that have seen the greatest increase in institutional investor ownership over the past year. Neo Lithium Corp (TSXV: NLC) tops the list with 23.7% interest, followed by Nemaska Lithium (TSX: NMX) at 16.5%.
Neo Lithium Corp (TSXV: NLC)
Neo Lithium Corp. owns and operates mineral reserves. The Company offers lithium surface holding rights, feasibility study, and reserves development services. Neo Lithium conducts its business in Canada.
- Market Cap: $120.5 million
- Institutional ownership (Current): 23.7%
- Institutional ownership (Year ago): 9.3%
Nemaska Lithium Inc. (TSX: NMX)
Nemaska Lithium, Inc. explores for metals and minerals. The Company is presently focusing its efforts on its main projects: Whabouchi (lithium) and Lac Levac deposit (nickel, copper, elements of platinum group).
- Market Cap: $527.9 million
- Institutional ownership (Current): 16.5%
- Institutional ownership (Year ago): 10.4%
Lithium Americas Corp. (TSX: LAC)
Lithium Americas Corp. operates as a mining company. The Company mines, produces, and supplies lithium. Lithium Americas conducts its business operations in Argentina and Canada.
- Market Cap: $704.0 million
- Institutional ownership (Current): 11.3%
- Institutional ownership (Year ago): 17.7%
Critical Elements Corporation (TSXV: CRE)
Critical Elements Corp is a mining exploration company. The Company searches for rare metals and rare earths, particularly tantalum, lithium, and niobium.
- Market Cap: $236.9 million
- Institutional ownership (Current): 9.6%
- Institutional ownership (Year ago): 7.5%
Advantage Lithium Corp. (TSXV: AAL)
Advantage Lithium Corp. specializes in the strategic acquisition, exploration, and development of lithium properties. Advantage Lithium offers its services in Canada.
- Market Cap: $66.2 million
- Institutional ownership (Current): 7.5%
- Institutional ownership (Year ago): 1.5%
Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.
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