Kaloyan Gadzhev

Lithium Exploration Group, Inc. (OTC:LEXG) Crashed after Releasing Video

by Kaloyan Gadzhev May 3, 2012

The first half of the session was relatively quiet and uneventful, but about 12:30 pm LEXG started falling. After nearly 520 thousand shares had changed hands LEXG closed down 22.04% at $0.75.

LEXG went through an ugly promotional fiasco back in 2011 which cost some people a lot of money, but this time there doesn't seem to be any promotional activity around the stock. Whatever the reason for the dive, today LEXG has managed to recover some positions, but it still looks bad on the chart.

19logo.jpgThe company still hasn't generated any revenue, and the three to four months may have disappointed some traders or shareholders. LEXG may recover, although for a stable positive run the company may have to provide potential investors with something more tangible than a video of a product that needs testing.

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