Part of the action is because PLS is able to raise 100mil on the back of Lithium play. Most of the Lithium stocks have gone up and MPJ is catching up with them. MPJ has a tenement next door to PLS so it is part of nearology play as well. PLS went from around 30 cents to double around 60 cents on the back of insto support. MPJ is mostly undervalued compared to peers. I guess even though consolidation is on the card someone is taking a position and after consolidation as number of shares go down it will be raising more rapidly (Once it cross 10 cents after consolidation increment will be in terms of half a cent instead of one cent).
MPJ Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held