Lithium Sector- Interesting a comparison on these peers to laggard AVZ. All peers (PLS, AJM, KDR, BGS, TAW, GXY, ORE, GSC ) are all at or very near their 12 mth highs
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Now look at the AVZ chart (at the bottom). Spot the obvious mistake.
AVZ has some catch up to do just to be at par value to the others this is just sector wide movement. This weakness in the AVZ price will not last IMHO. Not withstanding this AVZ is about to drill out the resource which is usually the time of maximum ascent in shareprice according to the life cycle of explorers. Assuming continued drill success then AVZ will not only catch up to the the peer group in relative value increase but surpass most in terms of % Gain over the next 6 month period IMHO. That is assuming AVZ does not get taken out.
When AVZ finally pops up and bridges the "Sector gap" to the other peers I expect it will do so quickly.
Disclosure: I hold AVZ
