Have a deep look of LRS it appears highly overvalued. It has 1.2billion issued shares and another 179 million options.
Over and above, it does not have enough cash in the kitty. So, wait for another CR soon.
70 acres exploration lease and further exploration for Lithium would indeed require a lot of money. So, in my view, LRS is vastly over valued with no certainty for finding a good or high grade lithium deposit. Last week some sold 36 million options in one trade alone. So, figure out...
DYOR
Highly overvalued
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $517.8M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 17.5¢ | $2.039M | 11.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 144143 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 2098329 | 16 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| LRS (ASX) Chart |