Surprising to see JP Morgan upgrade PLS to Neutral given that their 2025 forecast for spod is $950/t. This is a sub $2 stock at that price. Valuation is still ridiculously high for the meagre profits that will be produced at that price. Holders will obviously do gymnastics with numbers to try and justify the current valuation, just as they did at $4, however, the share price will eventually reflect fundamentals - i.e. $2.
Good News & Bad News, page-44235
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Last
$2.94 |
Change
-0.070(2.33%) |
Mkt cap ! $8.924B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $64.71M | 21.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 86878 | $2.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 199466 | 4 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |