And, just to make sure the retail traders get the message to sell, here's what has just been put out on the news wire services.
These buggers are out to smack the retail holders into submission.
DJ Lithium Price, Stocks Outlook Hit by Soft Demand -- Market Talk
0051 GMT - UBS downgrades lithium prices and targets on Australian lithium stocks, reflecting weaker-than-anticipated demand and a robust outlook for supply. The bank cuts its medium-term price forecasts for the battery material by 23%-45%. It downgrades ASX-listed Pilbara Minerals to sell from neutral and cuts its target on the stock to A$3.05/share, from A$3.75. It also lowers its targets for IGO and Mineral Resources. "Our lithium equity valuations are 8-19% lower with significant EPS downgrades (greater than 50% in FY25)," says analyst Dim Ariyasinghe in a note. ([email protected]; @RhiannonHoyle)
(END) Dow Jones Newswires
December 03, 2023 19:51 ET (00:51 GMT)
Good News & Bad News, page-36290
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Last
$3.15 |
Change
0.040(1.29%) |
Mkt cap ! $9.480B | |||
| Open | High | Low | Value | Volume |
| $3.16 | $3.18 | $3.12 | $71.90M | 22.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 112482 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.16 | 320783 | 6 |
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