Not sure I could describe the LYC SP as depressed..(3 year chart below)
I have been an investor in LYC for many years based on the fundamentals - I did trade a bit in the very early days in the lead up to the price bubble of 2010/2011 and bought back in during 2014/2015.
Held through the darkest days because I could see that the Japanese support would see it through as LYC is a strategically important business.
Bought more in the SPP last year at $2.30 and the price has appreciated 3 TIMES SINCE THEN!
Might there be better opportunities elsewhere in the market from here? - Quite possibly but please maintain some perspective on the performance of the company over the last couple of years.
My personal view is that Lynas has such a head start over any other REE miners/producers in the West that they will continue to do well and I have every intention of holding until Lynas NEXT is delivered and we see what plays out in Texas.
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Last
$6.74 |
Change
-0.080(1.17%) |
Mkt cap ! $6.300B |
Open | High | Low | Value | Volume |
$6.83 | $6.85 | $6.67 | $15.08M | 2.242M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 70897 | $6.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.75 | 3296 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 70897 | 6.740 |
1 | 297 | 6.720 |
3 | 4155 | 6.700 |
1 | 14985 | 6.690 |
5 | 19981 | 6.680 |
Price($) | Vol. | No. |
---|---|---|
6.750 | 3296 | 2 |
6.790 | 3000 | 1 |
6.830 | 4565 | 2 |
6.880 | 500 | 1 |
6.890 | 5190 | 1 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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LYC (ASX) Chart |