Lithium futures pricing is up yet our share price is now firmly in the red.
Then there's the price of others such as LTR which are tracking in the opposite direction to PLS. If one was speculating on why, it could be that we are witnessing an investor rotation based on perceived valuations. Looking at LTR, it's currently trading 74% below its 52-week high whereas PLS is currently 44% below its 52-week high. Some investors might say there's more bang for your buck in LTR based on today's share prices.
I'm not saying I subscribe to that theory, but it could just explain why we are seeing such price divergence when the parameters should be positive for PLS (and other lithium stocks).
Good News & Bad News, page-45169
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Last
$2.85 |
Change
-0.030(1.04%) |
Mkt cap ! $8.582B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.87 | $2.78 | $46.76M | 16.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2708 | $2.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 123365 | 7 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |