Its hard to know why but volumes weren't particularly large.
My #1 suspect would be someone deciding to abandon all lithium holdings. TG6 is one of them so they are just looking to exit everything and get what price they can. This would be about poor lithium sentiment not TG6. Many of the buyers today in lithium tend to be waiting for the panic seller so when they come along it drives the share price lower.
Candidate #2 would be individuals that don't understand the difference between pit shells and average costs. They look at the pit shell prices and think that those values are too high to be economic so TG6 is only on-track to be high cost.
Candidate #3 they have had experience of delayed news being bad news and see the reporting delays as a reason to sell
on the plus side, TG6 still has a very strong cash balance for its stage of operation so is not needing a CR in the coming months as some may need to do. This means the upcoming news will provide a reset to the price and TG6 can just ride out what IMO is some silly pricing.
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Mkt cap ! $12.08M |
Open | High | Low | Value | Volume |
15.0¢ | 17.5¢ | 15.0¢ | $36.31K | 219.2K |
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1 | 424 | 0.150 |
1 | 13793 | 0.145 |
1 | 3750 | 0.140 |
2 | 14795 | 0.135 |
Price($) | Vol. | No. |
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0.180 | 16962 | 3 |
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