Yes, ASX was down by over 1% most of the day and ESS and other Li stocks trended that. Our volume was on the lower side with only around 2.3m shares traded. We were down by 1.5c to finish on 33.5c.
ASX Lithium stocks were also down today. Of the stocks I track, average decline was between 3 to 4%. We declined by 4.29%, so just on average.
This is the third time in last 5 trading days that we have made a bottom of 33c. Other days we made high of 36c and 37.5c. Today it was 36.5c. So we are in a very narrow trading range. We need to have some good days to get out of this range - need a catalyst or strong gainful days.
What next - War situation is still volatile and market is very tentative. At this stage we are dependent on dow/asx to drive trading. We were down and I feel dow is also feeling nervous. Lets hope dow overcomes the nervousness with some strong showing so that we can have a gainful day tomorrow. Else we may continue in this range. All the best.
ESS Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
