Easy,
There are two kinds of players in the market at the moment:
The shorters just short any lithium stocks they can borrow as long as the LCE market keeps declining.
The investors who believe EV is the future are just waiting for shorters to smash the SP even lower so they can buy it cheaper (As RIO said in a recent AFR).
(And traders jump in and out, they are not changing the direction of sp)
Ann: Globally significant MRE of 59MT at Adina Lithium Project, page-287
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Last
57.5¢ |
Change
-0.020(3.36%) |
Mkt cap ! $124.3M | |||
| Open | High | Low | Value | Volume |
| 58.0¢ | 59.0¢ | 56.0¢ | $248.2K | 435.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12850 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 1195 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |