a negative view of LRS in Livewire today...
Acorn Capital's Rick Squire schools investors on how best to invest in commodity stocks today...extract...
And 2 crowded companies that investors should be wary of
There are two popular stocks on the ASX that Squire believes could face challenges from here: Latin Resources (ASX: LRS) and De Grey Mining (ASX: DEG).
"Yes, Latin Resources is a reasonably large resource, but it has multiple skinny loads. It will be very difficult to mine and there is a high risk of impurities coming into the concentrate they process."
Squire believes the market is starting to wake up to these technical challenges, with the stock's share price falling 35% since hitting a high in August.
LRS General Discussion, page-14569
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Last
20.5¢ |
Change
-0.010(4.65%) |
Mkt cap ! $574.2M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 20.5¢ | $2.300M | 10.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 524382 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 308712 | 6 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LRS (ASX) Chart |