Lol, you trolls clearly on here as you do not work as lawyers. CORRECT stock is down 94%. Yes thats a fact, however, why is that helping your case, significant portion of investors will be happy to lose the last bits they have in hope of the stock gathering momentum particularly from the turn-around within the last quarter. Simple investor psychology we are taught in finance. Much happier to risk more in a loss compared to risk everything you have gained, which are all the shorters, which still hold a large position that needs to be covered.
I have only entered as a new buyer and i am of the opinion that lynas is incredibly undervalued due to retail investor fear.
I am not too sure if you have ever heard of bouyancy of risky stocks? Price is just down on fear, was always a risky buy but at current levels, whole lot more upside compared to downside. IOO
over 94% down in 3 years, page-12
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Last
$7.98 |
Change
0.130(1.66%) |
Mkt cap ! $7.337B | |||
| Open | High | Low | Value | Volume |
| $7.99 | $7.99 | $7.95 | $3.188M | 400.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 4996 | $7.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.99 | 8631 | 16 |
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| Last trade - 10.25am 06/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |