i follow REMX and REMX NV closely they are a fund that follows the Green metals market. They trade only occasionally to balance there portfolio to reflect Market Caps of companies. In April 2022 they reached a high of over USD 120. Most REE stock including Lynas hit their highs at this time. They went below $38 for fist time since it was created yesterday A drop of about 70%. During this time Lynas is down about 45%. you can say see Lynas is much better than all the other REE stocks with a much brighter future. This may be true. I look at things like Earnings and Revenue and decide if they really are. I am not saying Lynas will fall to 70% of it's high 11.56 = AUD 3.48, I do not think it will. I do think it is a "tell" on future direction.
Lynas is their 6th largest holding at 5.85% They have been as high as 3 and 8% So a couple of REE stocks are holding up better than Lynas but many are worse. https://finance.yahoo.com/quote/REMX/holdings/
LYC Price at posting:
$6.25 Sentiment: Sell Disclosure: Held
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