Having been a holder as the SP went from 10 cents back to 4.5 cents during March, my only advice is that you have to look at SP and market reactions in a different way.
The basic method of just saying "announcement drops, SP goes down - therefore announcement must be bad" - is of no use.
What I've personally learned is that SP and business fundamentals are two very different concepts (and SP does not always correlate at the same time with business fundamentals).
LRS has fantastic fundamentals, has only had good announcements in 2021, and is likely to continue this trend with good prospects in the 2nd half of 2021. (Lithium Gold and Noomb updates to come).
So if you think the business is sound financially and with it's mineral deposits then look for a price you think is a bargain and put your money where your mouth is.
I'm currently averaged at 5.8 cents. I'm very exposed (in my overall portfolio to LRS), but will be looking to buy more if the SP gets to 5.8 cents or below.
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Last
14.8¢ |
Change
-0.003(1.67%) |
Mkt cap ! $426.9M |
Open | High | Low | Value | Volume |
15.0¢ | 15.3¢ | 14.5¢ | $508.3K | 3.407M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
50 | 1856517 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 650620 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
50 | 1857616 | 0.145 |
43 | 2792602 | 0.140 |
21 | 1318673 | 0.135 |
15 | 904654 | 0.130 |
11 | 386887 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 650620 | 26 |
0.155 | 911382 | 17 |
0.160 | 1652767 | 18 |
0.165 | 1613331 | 21 |
0.170 | 1357163 | 25 |
Last trade - 13.30pm 29/07/2024 (20 minute delay) ? |
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LRS (ASX) Chart |