In my opinion, most lithium miners are beaten up badly in the last few weeks for a number of reasons:
1. Goldman Sach's bearish view on lithium in the short term
2. EOFY
3. China's on and off lockdown which is disrupting the supply chain
4. Geopolitical tensions caused by the Russia/Ukraine conflicts
5. Inflation - central banks raising interest rates
Fears are in the market, hence the heavily discounted price.
Once some (or all) of the above are resolved, NVX won't be $2...
DYOR... best of luck.
Media Watch - NVX related, page-6754
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Last
74.5¢ |
Change
0.025(3.47%) |
Mkt cap ! $367.0M | |||
| Open | High | Low | Value | Volume |
| 71.0¢ | 75.0¢ | 70.0¢ | $643.1K | 879.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13512 | 74.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.0¢ | 118007 | 4 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| NVX (ASX) Chart |