Lithium miner Galaxy Resources (GXY) suffered the heaviest losses to its share price over the decade, falling 77 per cent from more than $4 to just 93 cents based on the volatility of the chemical element’s value.“The lithium price made headlines two years ago in 2017 when its stocks were the talk of the town and they were the market darlings,” the Bell Direct market analyst said.“They’ve lost their shine this year because the lithium price took a hit, but we think this company should ride out the lithium market weakness.”The demand for the chemical element is expected to grow as environmentally conscious consumers increasingly turn to electric cars coupled with the ubiquitous reach of mobile phones that rely on batteries made from lithium.
GXY Price at posting:
$1.02 Sentiment: Buy Disclosure: Held
