I will buy more if PLS goes lower than the 45c low it set last week. The business is executed well. They have partners in China building downstream processing plants to take the product and covert into battery grade lithium. It takes time to build all these things. In the mean time the lithium market is soft but the future demand looks bright. One can see that ORE, GXY, PLS are under pressure. This is the pressure on all lithium stocks. Lithium batteries will become so useful to replace bulky backup power generators for buildings and factories. It will store electricity for all modern buildings with solar panels on the roof top. PLS share price will hit a bottom at some point and from that point, the recovery could be 100% up for a few months.
I will buy more if PLS goes lower than the 45c low it set last...
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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 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |