Shares of Green Technology Metals (ASX:GT1) have risen by nearly 5% up to A$0.425 following the acquisition of The Junior Lithium Project in Canada.

The company laid out C$1.6 million for the project, which equates to $1.17 million.

A notable change in stock activity was observed, with approximately 116,200 shares exchanging hands, a significant variance with the 30-day average volume of 279,873 shares.

Current trading patterns indicate a bearish sentiment as the stock currently trades below its 50, 100, and 200-day simple moving averages.

To date, the stock has fallen by 50.9% this year.

Green Technology Metals is a leading company focused on lithium exploration and development.