"Nobody wants to trade today when Australia is down 1% despite the US market being up about that figure."
Wouldn't that be an opportune time to top up if you think the headline stock is currently oversold?
There's no question the shorts are in control and have been leaning hard on most Li stocks. However, as many here have identified, we are trading at exceptional value if you believe the current spod/ LCE prices have fallen too far.
Assuming a return to a longer term average spod price of say US$1,500/t the valuation for PLS should rise and have a 5 handle. It's just a case of WHEN, not IF.
Good News & Bad News, page-38471
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Last
$3.11 |
Change
-0.090(2.81%) |
Mkt cap ! $9.360B | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.17 | $3.06 | $206.5M | 66.15M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 212414 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.12 | 1870994 | 18 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |