An alternative is that AKE was over-valued.
ALB and SQM hit their share price peaks in 2022. No-one was doing company valuations using $10,000 LCE price in 2022.
Something that should also be taken into account is that there has been a disconnect in timing of falling lithium stock share prices between the ASX and NYSE. ALB and SQM have been falling since at least the end of 2022. The takeover fever meant that PLS, MIN, and LTR held up very well comparatively throughout much of 2023.
It’s possible that recent declines across the board are the ASX catching up.
General Discussion, page-2406
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Last
$3.61 |
Change
-0.220(5.74%) |
Mkt cap ! $1.261B | |||
| Open | High | Low | Value | Volume |
| $3.64 | $3.68 | $3.56 | $11.89M | 3.287M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8556 | $3.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.63 | 11000 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| LTM (ASX) Chart |