Risk off environment at the moment and Lynas is a speculative stock. I posted a short on the ASX thread from 5950 with the bottom of the channel at about 5800 at the moment. Reasonable overhang of cheap warrants out there that feel like they get converted and dumped. Positive quarterly but needs more to get real interest - especially in this current cycle. And mining stocks are getting hammered at the moment and I doubt anyone is really separating out WHAT people are mining ...
There are lots of potential reasons. I consider this to be a spec stock with a much better than even chance of turning into a big gain --- but it is still a penny stock and they do not tend to get much love from the market (unless you consider 'early adapters' like Strauss). And there are still head winds. Will take time.
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Last
$6.92 |
Change
-0.140(1.98%) |
Mkt cap ! $6.468B |
Open | High | Low | Value | Volume |
$6.94 | $6.97 | $6.84 | $15.53M | 2.248M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 13835 | $6.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.93 | 2500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 13835 | 6.900 |
3 | 15610 | 6.890 |
5 | 33363 | 6.880 |
4 | 23308 | 6.870 |
3 | 16510 | 6.860 |
Price($) | Vol. | No. |
---|---|---|
6.930 | 2500 | 2 |
6.940 | 4182 | 4 |
6.950 | 19265 | 4 |
6.960 | 11510 | 2 |
6.970 | 43260 | 3 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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LYC (ASX) Chart |