I think the share price mismatch between CXO and LTR is purely down to the market not believing lithium prices will stay at these levels for a sustained period. You can see the same thing reflected in the share prices across a whole bunch of miners at present. Gold miners are dirt cheap and raking in cash.
If lithium prices remain strong, imo the LTR share price will rocket as the market comes to realise that lithium prices are not going back down to the previous lower levels.
LTR Vs CXO, page-139
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Last
90.5¢ |
Change
-0.020(2.16%) |
Mkt cap ! $2.194B | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 93.5¢ | 89.0¢ | $26.09M | 28.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 472933 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.5¢ | 446423 | 6 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LTR (ASX) Chart |