Good pick up, worth highlighting her sole response to: "Which particular stocks are you excited about?":
Lynas has significant contrarian appeal. The company operates the only rare earths mining and processing plant outside of China. Rare earths are compounds which are important for a wide range of uses, including consumer goods and battery technologies, so Lynas's operations are strategically important to the economies and governments of the western world.
Today the company is generating cash, expanding its capabilities and paying down debt but it has faced many obstacles to get to this point, which resulted in the value of the shares declining more than 90 per cent from peak to trough. The shares were dealt a further blow in 2018 due to a regulatory review by the new Malaysian government but we expect upside to the share price as the government provides clarity on the last few aspects of Lynas's environmental controls.
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Last
$6.74 |
Change
0.000(0.00%) |
Mkt cap ! $6.300B |
Open | High | Low | Value | Volume |
$6.72 | $6.80 | $6.66 | $14.09M | 2.093M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7791 | $6.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.75 | 13142 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7791 | 6.730 |
1 | 5378 | 6.720 |
2 | 12686 | 6.690 |
5 | 36094 | 6.680 |
3 | 24756 | 6.670 |
Price($) | Vol. | No. |
---|---|---|
6.750 | 13142 | 6 |
6.760 | 9515 | 1 |
6.770 | 11315 | 2 |
6.780 | 9515 | 1 |
6.790 | 5000 | 1 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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LYC (ASX) Chart |