PLL 6.90% 15.5¢ piedmont lithium inc.

Increased liquidity on Nasdaq

  1. 273 Posts.
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    In the last month the trading volume of PLL on the Nasdaq has been rising and is now much higher than on the ASX.


    Average trading volume for the last 65 days (according to marketwatch):

    on ASX 1.1M shares per day
    on Nasdaq 30k ADRs equivalent to 3M shares per day.

    In the last 30 days the difference seems to be increasing. Data for the 16th of July: ASX 1M vs Nasdaq 13M.

    Additional liquidity should benefit share price and with increased media coverage and interest in the US I expect a significant re-rating soon.

    Additional comment: Initially I did not like the capital raise with discount but have come around to see some value. With a decent amount of cash in the bank the company has a better position in the upcoming negotiations for project financing and offtake.
 
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Last
15.5¢
Change
0.010(6.90%)
Mkt cap ! $62.55M
Open High Low Value Volume
15.0¢ 15.5¢ 15.0¢ $140.5K 929.9K

Buyers (Bids)

No. Vol. Price($)
20 361525 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 364323 10
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Last trade - 14.18pm 04/07/2024 (20 minute delay) ?
PLL (ASX) Chart
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