Thesi,
Is LTR's MC really remaining low vs CXO's?
LTR was 1.2 cents on Sept 20 ... now up nearly 200% to 3.2
CXO was 3.2 cents on Sept 20 ... now up nearly 200% to 9.2
Both charts mirror each other, and really their MC's are very similar... CXO with 30mill, and LTR with 26mill
In fact, LTR has done remarkably well, considering they have not hit any "economical" grades yet. They actually dropped 25% in July when they released their assay results - the market was so disappointed! Since then they have gone up in tandem with CXO trading on nearology and potential alone.
Its time for LTR to carry its own weight & deliver some good results ... it will be good for all the explorers there, as it will add weight to the "new lithium province" talk that the companies have espoused.
Both companies have "Pennant" chart formations in place... both have really started to pinch up to the pointy end of the pennants too, so it indicates some price action about to happen. This is currently a bullish pattern, but will need a positive move over the next week to confirm it, or it will turn bearish. This TA coincides with the fact that we have news due soon. Lets hope they deliver!!
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Last
98.3¢ |
Change
0.028(2.88%) |
Mkt cap ! $2.352B |
Open | High | Low | Value | Volume |
97.5¢ | 98.5¢ | 96.5¢ | $3.336M | 3.421M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 137714 | 98.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
98.5¢ | 449893 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 182194 | 0.975 |
31 | 473833 | 0.970 |
16 | 373281 | 0.965 |
18 | 298166 | 0.960 |
13 | 183780 | 0.955 |
Price($) | Vol. | No. |
---|---|---|
0.980 | 240466 | 26 |
0.985 | 503252 | 25 |
0.990 | 227654 | 18 |
0.995 | 209746 | 10 |
1.000 | 302951 | 16 |
Last trade - 11.02am 17/07/2024 (20 minute delay) ? |
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