Another absolutely miserable week for lithium stocks. LRS...

Another absolutely miserable week for lithium stocks. LRS performed surprisingly well given we usually sell down on news.

The average performance across the board this week was a 6% week on week loss.

I fully expect a decent retrace on LRS (23 cents again) given the potential for lack of news over the next month.



And to reiterate how miserable the sector currently is, see below - most stocks are less than 25% above their 52 week low. Most stocks had a decent bounce into March and April, but have since given up almost all of the gains. GL1, CXO and GT1 closed on their 52 week low yesterday.

LRS and WR1 are the stand out performers since their 52 week lows, then LTR and Sigma (although LTR, WR1 and Sigma were each sold off last week).

Notably Lithium Ionic posted their DFS and got absolutely massacred (approx 25% red over 2 days)

LRS posted the resource upgrade and posted a flat week overall and up slightly since the upgrade.

Atlas Lithium promised a JORC and feasibility study around 2 months ago and has remained completely quiet. Very dodgy stench around this one.