Sentiment in battery metals (see lithium stocks as of late) is really starting to pick up now as EV/battery demand previously hyped back in 2017/2018 is actually coming to fruition. See below EV sales statistics from JP Morgan yesterday. Global EV penetration last month was almost 12% with 1 out of 5 new car sales in Germany, France, Spain, Italy and the UK being EVs. Only a matter of time until the market turns it attention to cobalt once its done its thing with lithium.
COB at these levels is crazy cheap given they are cashed up ($8m) and well placed to take advantage of the upturn in sentiment with a tiny market cap of $23m or $15m EV.
Chart is also primed as it has been coiling like a spring for the past 18 months so would not be surprised to see a sustained breakout soon.
Sentiment in battery metals (see lithium stocks as of late) is...
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Last
8.1¢ |
Change
0.002(2.53%) |
Mkt cap ! $34.16M | |||
| Open | High | Low | Value | Volume |
| 8.0¢ | 8.1¢ | 7.6¢ | $40.18K | 512.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 184820 | 7.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.1¢ | 49999 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
8.0¢ |
Change
0.002 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 7.9¢ | 8.0¢ | 7.6¢ | 475538 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| COB (ASX) Chart |