These articles are mostly written by a computer. Just ignore them and look at the key catalysts for LYC, the rest of the sector / overall market, and it's pretty obvious why the share price has come under weakness.
To be frank, the fact the SP is above $8 with NdPr spot falling as it has (ignoring the fact we all agree it's mostly due the best efforts of the Chinese to push down prices short term and weaken emerging companies obtaining funding for future supply) is a positive for LYC and could result in a higher-low being formed on a multi year view, where Chinese's lockdowns come to an end, EV bottle necks are resolved and wind turbine manufacturers / purchases find more stable input pricing confidence to commit again to larger multi year orders. That may
Whenever I see a stock being subject to significant short term
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Last
$7.61 |
Change
-0.100(1.30%) |
Mkt cap ! $7.113B |
Open | High | Low | Value | Volume |
$7.65 | $7.65 | $7.49 | $13.50M | 1.778M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12843 | $7.60 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.61 | 6808 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10751 | 8.120 |
8 | 46577 | 7.970 |
15 | 66022 | 7.960 |
1 | 27750 | 7.940 |
2 | 1994 | 7.840 |
Price($) | Vol. | No. |
---|---|---|
6.840 | 122143 | 1 |
7.060 | 3300 | 1 |
7.210 | 41312 | 8 |
7.220 | 65861 | 5 |
7.230 | 27748 | 3 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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LYC (ASX) Chart |