Liontown Resources: The Toast Of The Town(994 followers)SummaryOn the whole, the lithium sector is still down with many leading industry stocks continuing to perform poorly.
Liontown Resources is an emerging West Australian hard rock lithium developer/explorer which has made huge strides in progressing its Kathleen Valley Lithium Project in recent months.
The Kathleen Valley Lithium Project should already have enough of a resource base (21.2Mt) to support a 2 Mtpa operations, but there still exists immense upside potential for further growth.
The company has an exploration target to increase the current resource up to 31 Mt, and could be hinting that 60+ Mt might be achieved down the road.
The recent plethora of deals taking place for quality, hard-rock assets located in Western Australia has been a significant tailwind for shares of Liontown Resources, as the stock has increased 5x since the beginning of April.
So far this year, the lithium sector and many associated mining companies out hunting for more "white gold" are still very much down in the dumps. Although sentiment towards lithium is arguably slowly improving, the market as a whole is likely still waiting for the most recent price decline across various products (e.g. lithium carbonate, lithium hydroxide, spodumene concentrate) to subside and put in a true bottom before allowing a more profound shift in sentiment to take place.
Of course, the on-going trend of rising exponential adoption of electric vehicles (EVs) globally would most certainly help support the case for improved lithium sentiment, but for now, the overall narrative is that the lithium sector is well supplied and still residing in a state of supply > demand.
In terms of share price performance, some leading lithium stocks have delivered the following uninspiring returns so far this year:
Enjoy the ride :):):)
- Forums
- ASX - By Stock
- LTR
- Lithium Related Media Articles
Lithium Related Media Articles, page-70
- There are more pages in this discussion • 22,102 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LTR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.12 |
Change
0.000(0.00%) |
Mkt cap ! $2.715B |
Open | High | Low | Value | Volume |
$1.12 | $1.15 | $1.11 | $6.437M | 5.716M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 110090 | $1.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.13 | 7995 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 110090 | 1.120 |
5 | 200430 | 1.115 |
5 | 220390 | 1.110 |
5 | 139000 | 1.105 |
18 | 148746 | 1.100 |
Price($) | Vol. | No. |
---|---|---|
1.125 | 7995 | 1 |
1.130 | 20002 | 1 |
1.135 | 44400 | 3 |
1.140 | 53569 | 4 |
1.145 | 62127 | 5 |
Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
|
|||||
Last
$1.12 |
  |
Change
0.000 ( 0.69 %) |
|||
Open | High | Low | Volume | ||
$1.13 | $1.15 | $1.11 | 1451015 | ||
Last updated 15.59pm 26/04/2024 ? |
Featured News
LTR (ASX) Chart |