One of the companies which is likely to be in focus among investors this morning is China Dongsheng International Inc (OTCMKTS:CDSG) in light of the announcement made by the company yesterday.
Market Action
On Wednesday, CDSG stock decreased 19.82% to $0.0441 with more than 675.89K shares, compared to its average volume of 88.82K shares. The stock moved within a range of $0.0384 – 0.0550 after opening trade at $0.0500.
TLC Project Expands Lithium Resource Around Cdsg Well Claims
The company came into the news cycle yesterday after it came up with an update with regards to its West End Lithium project, which is situated not too far from Tonopah in Nevada. It should be noted that the project in question is surrounded by the outer boundary of the TLC Project that is operated by the American Lithium Corporation. China Dongsheng International announced yesterday that throughout the course of 2022 American Lithium had managed to accomplish exceptional work and not too long ago announced new compliant source at the property as well.
The presence of promising deposits on the outer boundary of the China Dongsheng International property is, without a doubt, a positive development for the company. It has been announced that the TLC Project contains as much as 4.2 million tonnes of lithium carbonate.
At this point in time, it is going to be interesting to see how investors and analysts react to the news and how it affects the China Dongsheng International stock.
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