Lithium Exploration Group, Inc. (OTCMKTS:LEXG) Manages To Stabilize

Lithium Exploration Group, Inc. (OTCMKTS:LEXG) has had a terrifying roller-coaster to the bottom of the charts since its March pump-jump. Said descent culminated last Thursday when the ticker hit an all-time low of $0.0024.

Friday brought LEXG a brief respite from the prolonged crash, with significant intra-day upward movements and a 12.50% up by the end of the day day. Still, it will probably be unwise for investors to get their hopes up about LEXG, because looking at both the charts and the company’s fundamentals, one could very well conclude that the ticker is currently on a “dead cat bounce”. Why?

Even superficial due diligence on LEXG shows the reasons for the ticker’s continued slide to the bottom. A bit of digging reveals an staggeringly full collection of red flags. Paid pumps, ridiculous amounts of toxic funding, horribly diluted share structure, reverse splits, horrendous net loss and mind-boggling accumulated deficit – you name it, LEXG has it.

It would probably be prudent to assume that no ticker showing so many terrible shortcomings could be headed up for very long. Which means that, sad as it may be, the comparison between LEXG and the proverbial deceased feline may not be all that far from the mark.