The reason ALB, SQM et all have declining share prices is because the market and technical fundamentals are very weak. Analysts have been doing their numbers and realise that they are all significantly overvalued. It was plain to see in all the most recent quarterly reports but I suspect most were hoping it was a temporary situation and the SC6 price would recover. It has not and the realisation is now starting to permeate that this is a permanent situation and valuations are too high and require downward adjustment. This is what is happening.
PLS is subject to same market & technical factors as ALB, SQM, etc, hence the reason for the continuing SP decline.
IMO
The reason ALB, SQM et all have declining share prices is...
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Last
$3.07 |
Change
-0.190(5.83%) |
Mkt cap ! $9.239B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.07 | $96.53M | 30.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 815921 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 309816 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |