Yes, it is possible for a share to drop more than 100% within a certain time frame in the history of the share.
Here is the example; Albemarle and Livent share prices have dropped more than 100% calculated from 3 years ago to now:
Now compare it with Allkem (I have to put PLS to show the percentage of gain):
Allkem and Pilbara still retain some of their gain!
Four of them make their gain from lithium. But two of them listed in NYSE lost more than what they gained in the last 3 years. And two of them listed in ASX still manage to retain some of their gain.
That means, I think, for a commodity such as lithium which goes through boom and bust cycles, being listed in ASX provides more protection.
Therefore, unless you are an active and brilliant trader, to keep Allkem listed in ASX is to protect your investment.
