Shares of Mammoth Energy Group Inc. (PINK: MMTE), a company engaged in the acquisition, development and operation of strategic mining reserves in locations throughout the world, saw a huge rally in Thursday’s trading session.

The penny stock of Mammoth Energy ended the day 40% higher at $0.0007, with volume up from daily average of 33.69 million to 67.79 million. In the last three trading sessions, Mammoth Energy Group shares have gained 75%.

Back in November Mammoth Energy announced that its wholly owned subsidiary Compania Lithium Investments Limitada of Chile’s concessions located at Laguna Lagunilla are next to one of the leading mining companies in the world.

William Lieberman, president of Mammoth Energy Group, had said back in November that at Laguna Lagunilla, the company’s concessions are located next to one of the leading global mining players in the world. Lieberman, however, said that due to legal restrictions on press release, the company is unable to publicly announce their name.

• This newsletter has been helping traders make a killing on MMTE. Click here for a 25% discount offer.
• See today’s top stock picks and market analysis
• Need fast service and cheap rates from a broker? Buy stock online at my favorite brokerage
• Want more? Check out the message board buzz for MMTE
• See what newsletters are recommending this stock pick
• Get breaking news alerts on these stocks: http://thestockmarketwatch.com/