DRE's share price will not pick up just because it falls to a certain level.
Rather it will be determined primarily by the price of lithium and REEs.
Prices for rare earths are at their lowest since 2020 due to soft demand from green energy companies and the automotive sector, combined with rising supply from top producer China. It reflects a weak patch in demand and plentiful supply, as China acts to shore up its dominance in the market.
The price of lithium has also plummeted about 80.00% to US$13,659 during the past year as growing supply from all major producers outpaced the rise in demand from battery users and the EV market.
Long term, however, DRE is a diversified explorer with gold and potentially uranium contained within some of its tenements, so its a matter of waiting for the markets to turn in our favour.
DRE's share price will not pick up just because it falls to a...
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.72M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.7¢ | $40.57K | 2.360M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27431 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 2997169 | 17 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
1.8¢ |
Change
0.000 ( 5.88 %) |
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| Open | High | Low | Volume | ||
| 1.7¢ | 1.8¢ | 1.7¢ | 426127 | ||
| Last updated 15.59pm 22/05/2024 ? | |||||
| DRE (ASX) Chart |