Ultra_Lithium_-_Chart_-_12_May_2011.jpg“I feel so gloomy today”, said Mr. Abraham, a well-known shareholder of Ultra Lithium Inc. (CVE:ULI), (PINK:ULTXF). “Do something to brighten up my day”, he ordered his secretary. “Why don’t you check the stock markets, Sir?”, she suggested with her typical charming smile.

Mr. Abraham should be grateful to his secretary. He saw the stock jumping by 42% on the TSX Venture Exchange. He saw himself almost 50% richer after his recent investment in the company’s shares. A charming smile appeared on his face too. His day was gloomy no more.

Not only did the stock fly to the skies, but the trading activity was too high, almost too hard for the ordinary public to believe. More than 15.8 shares traded is really something that deserves your kind attention. ULI moved up, climbing from $0.06 to $0.085 during the session. It gave encouraging signals to investors, nourishing their hopes that the same miracle could happen tomorrow too.

Or, perhaps, the day after tomorrow. Who knows? As it turns out, everything is possible on the stock markets. The current spike comes without any newly issued company developments. It comes out of nowhere, for no obvious reasons. It comes almost like a miracle.

Here comes the end of the happy story. A careful look at the company’s fundamentals will quickly convince you that there are no factors to support another miracle. So says the logic. In the end of January, Ultra Lithium reported less than $120K in cash and a net quarter loss of 0$.33M.

Ultra_Lithium_-_Logo.jpgUltra Lithium Inc. is a junior mining exploration company with a focus on lithium and rare earth metals. The rare-earth sector is highly prospective at present after China imposed quotas on its exports on rare metals.