I don't think that's the case. It's due to the shorting from negative lithium price forecasts.
Other Australian Li stocks such as AKE and PLS are down too from their November highs.
Today's PLS auction results should calm some nerves. Seeing the Cash is king.
Banter and general comments, page-19326
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Last
16.5¢ |
Change
0.010(6.45%) |
Mkt cap ! $352.5M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 16.5¢ | 15.0¢ | $4.670M | 28.73M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1230423 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 5304233 | 39 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
16.3¢ |
Change
0.010 ( 5.59 %) |
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| Open | High | Low | Volume | ||
| 15.3¢ | 16.5¢ | 15.0¢ | 7806096 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| CXO (ASX) Chart |