Personally I believe there are multiple factors.
1. Ukraine.
2. China covid (in particular, Shanghai shutdown which spooks markets in that it affects manufacturing relevant to EVs)
3. NdPr price movement. I think people are watching where the bottom is. But the reality is, in the previous Q we never even realised the 'peak' of the NdPr price, so our Q results are off Nd/Pr prices way below the peak spot.
4. Market manipulation. Retail has little power over instos re sp.. if instos wants to drive it down a bit, and then up again, there is little we can do part from just wait.
IMO number 2 on the list is very important.
Anyway, I'm used to these movements and I don't care much. I'm long, I don't trade LYC, in part for tax reasons. Fundamentals and numbers are exceptional, even the trend is your friend (look at the 2 year chart). It's not like I was planing to sell even if sp jumped 10% on the report.. for me, personally, this is just noise.
All IMO, DYOR
Ann: Quarterly Activities Report, page-82
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$7.76 |
Change
0.060(0.78%) |
Mkt cap ! $7.253B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.90 | $7.70 | $22.34M | 2.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4481 | $7.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.78 | 14225 | 2 |
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