Commentary of Bell Potter released on 24th January 2024.
" Investment view – Hold, Target Price $3.60/sh (unchanged)
PLS is a large, liquid and clean exposure to global lithium fundamentals and sentiment. PLS is a low-cost producer, it operates in a tier one jurisdiction in Western Australia, and has a strong balance sheet ($2.1b net cash at 31 December 2023) which can withstand weaker lithium prices and support expansion programs. We are confident that EV-led demand will see strong long-term lithium market fundamentals. We also see the potential for PLS to participate in industry consolidation. Our $3.60 12-month forward valuation results in our hold recommendation being retained."
Diverse opinions issued on same day.
I know which one fits with my own independent analysis.
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Last
$4.10 |
Change
0.090(2.24%) |
Mkt cap ! $12.33B |
Open | High | Low | Value | Volume |
$4.02 | $4.17 | $4.00 | $91.74M | 22.42M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12066 | $4.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.11 | 223809 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 14458 | 4.090 |
7 | 10766 | 4.080 |
3 | 13500 | 4.070 |
2 | 4000 | 4.060 |
9 | 65864 | 4.050 |
Price($) | Vol. | No. |
---|---|---|
4.110 | 4500 | 2 |
4.120 | 10934 | 4 |
4.130 | 8662 | 3 |
4.140 | 32399 | 4 |
4.150 | 76432 | 13 |
Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$4.10 |
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Change
0.090 ( 2.33 %) |
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Open | High | Low | Volume | ||
$4.02 | $4.17 | $4.01 | 6329493 | ||
Last updated 15.59pm 17/05/2024 ? |
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PLS (ASX) Chart |