A bit belated but there was an article written by John Beveridge in Wednesdays edition regarding rare earths & various stocks. I found myself in complete disagreement with him in his first paragraph when he wrote - "Investors in rare earth companies live with the terror that a single statement out of China could change the value of their investments overnight". He then goes on to propose that the situation with zircon & zirconia is different as China is a big importer of those minerals & for that reason a move out of Lynas into Alkane, which has its' zirconia project plus a rich HRE resource, may provide safety if RE prices fall. He has downgraded Lynas to a Hold while Alkane remains a Speculative Buy.
I have noted with interest when checking a comparison chart between the 2 stocks that since July last year they have been running neck & neck, with Alk a little ahead at the moment.
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Last
$5.86 |
Change
0.025(0.43%) |
Mkt cap ! $5.449B |
Open | High | Low | Value | Volume |
$5.86 | $5.91 | $5.84 | $1.730M | 294.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 5428 | $5.85 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.86 | 18729 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 10370 | 5.850 |
10 | 22127 | 5.840 |
15 | 32063 | 5.830 |
10 | 42799 | 5.820 |
18 | 38242 | 5.810 |
Price($) | Vol. | No. |
---|---|---|
5.860 | 1921 | 7 |
5.870 | 12389 | 18 |
5.880 | 20122 | 17 |
5.890 | 40919 | 16 |
5.900 | 25764 | 13 |
Last trade - 10.22am 07/08/2024 (20 minute delay) ? |
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LYC (ASX) Chart |