Top five penny lithium stocks of 2010 (EFL, OROCF, AVL, GXY, CLQ)

Trying to get out in front of the lithium craze? Not a bad idea considering the fact that GM thought the technology was a decade away from mass production (until Tesla came along and shot that theory to hell). Here are the top-performing lithium penny stocks of 2010.

Lithium penny stocks

Trying to get out in front of the lithium craze? Not a bad idea considering the fact that GM thought the technology was a decade away from mass production (until Tesla – NASDAQ:TSLA – came along and shot that theory to hell). Here are the top-performing lithium penny stocks of 2010. I just wish I would have discovered them twelve months ago!

1) Electrovaya Inc. (TSE:EFL), +187% YTD

2) Orocobre LTD. (PINK:OROCF), +179% YTD

3) Avalon Rare Metals, Inc. (TSE:AVL), +34% YTD

4) Galaxy Resources Limited (ASX:GXY), +14.8% YTD

5) Canada Lithium Corp. (TSE:CLQ), +125% past three months

Honorable Mention goes to Talison Lithium LTD., which trades on the Pink Sheets under ticker TLTHF. Although it’s not technically a penny stock at $6.40 per share, it is, nonetheless on a limited exchange. Best of all, it’s up 43.3 percent YTD.

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