I'm not sure if anyone has done this comparison recently.
Based on the below comparison chart, I can strongly think all recent Lrs upward price movements from lows of 16.5c to current 23c are only due to the Li macro improvement only and the MRE upgrade is not priced in.
As per the chart below, the compared cos LRS, PLS, AKE, DLI and a few other Li stocks (compared but cleared on chart for improved readability) had their recent lows recorded on 5th Dec (just before our MRE upgraded on 6th). Since then, majority of the other Li stocks are at higher comparative positions or price levels compared to that of LRS on the chart although LRS have had their impressive MRE upgrade published on 6th Dec which alone is accountable for a considerable upward movement.
The upward price movements of LRS are parallel and in proportion or less when compared to their counterparts during the compared period. Said that, there's no additional gain we've recorded since 5th Dec that should be due to the massive MRE upgrade on 6th Dec.
IMO GLTAH.
I'm not sure if anyone has done this comparison...
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Last
21.5¢ |
Change
0.010(4.88%) |
Mkt cap ! $602.3M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 20.5¢ | $7.314M | 34.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 724628 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 251949 | 4 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LRS (ASX) Chart |