i follow REMX and REMX NV closely they are a fund that follows the Green metals market. They trade only occasionally to balance there portfolio to reflect Market Caps of companies. In April 2022 they reached a high of over USD 120. Most REE stock including Lynas hit their highs at this time.
They went below $38 for fist time since it was created yesterday A drop of about 70%. During this time Lynas is down about 45%. you can say see Lynas is much better than all the other REE stocks with a much brighter future. This may be true. I look at things like Earnings and Revenue and decide if they really are. I am not saying Lynas will fall to 70% of it's high 11.56 = AUD 3.48, I do not think it will. I do think it is a "tell" on future direction.
Lynas is their 6th largest holding at 5.85% They have been as high as 3 and 8% So a couple of REE stocks are holding up better than Lynas but many are worse. https://finance.yahoo.com/quote/REMX/holdings/
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$7.70 |
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Mkt cap ! $7.197B |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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$7.70 | 6582 | 1 |
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No. | Vol. | Price($) |
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1 | 3000 | 7.560 |
1 | 3 | 7.550 |
2 | 3000 | 7.540 |
1 | 3000 | 7.530 |
Price($) | Vol. | No. |
---|---|---|
7.740 | 3000 | 1 |
7.770 | 1792 | 4 |
7.800 | 9312 | 4 |
7.810 | 400 | 1 |
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