Lomiko Metals (TSX-V:LMR, StockForum), a Vancouver-based junior exploration company engaged in acquisition and exploration of Canadian mineral mining properties, responded today, by request of the TSX, to recent market value fluctuations.
According to the news release, prepared by company CEO, A. Paul Gill, there has been no material change in finances or operations that would support the wild share price movement occurring since the bell this morning.
Officials at the TSX, attempting to temper the price eruption called a halt to trading earlier this morning, but trading resumed less than an hour later.
Lomiko had received the first prototype of a graphene supercapacitor using proprietary tech developed by project partner Graphene Labs at the top of December causing an 8% settling after a 20% pop when Lomiko announced their project partnership with Graphene Labs at the end of November.
Lomiko was in the news recently when the company was highlighted on Episode 19 of the Next Biggest Winner.
Shares were up 91.67% on the news to $0.115 per share.
Currently there are 83.7m outstanding shares with a market cap of $9.6 million.