Although a bullish commodity a few years back which caused a good rise in many graphite stocks, the fundamentals have always been an issue for graphite. The first one being the relative small size of this industry . Graphite is only a $1B industry and so with existing producers , the ability for explorers to be successful long term was going to always be very difficult.
TON is the result of this which despite a touted world class biggest deposit , could not yet manage to turn itself into producer from explorer.
The market is now seeing it with lithium where the arrival of cobalt is typically 2 to 3 times as much used in batteries. Resources are at times a demand supply and size of market play. When new potential players come on the scene due to the rise in the commodity , existing producers ramp supply to drop prices and force many a explorer to cash burn ruin. Without an expanding industry size to cater the potential arrival of new players and off takes it is difficult to secure funding to turn into a full fledge producer.
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Last
20.8¢ |
Change
-0.003(1.19%) |
Mkt cap ! $217.3M |
Open | High | Low | Value | Volume |
20.0¢ | 21.0¢ | 20.0¢ | $170.0K | 828.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 111687 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 222027 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 130498 | 0.205 |
33 | 772457 | 0.200 |
18 | 1148084 | 0.195 |
22 | 1025367 | 0.190 |
4 | 123900 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 222425 | 29 |
0.215 | 84267 | 6 |
0.220 | 378803 | 8 |
0.225 | 245678 | 9 |
0.230 | 276456 | 5 |
Last trade - 11.55am 09/09/2024 (20 minute delay) ? |
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