Looks like Lynas may be setting up to be a momentum stock, it's all time high @ $27/share (10-4-2011) was achieved at a time when the assets and income per share were significantly less (basically Mt. Weld and a pipe dream). It is amazing what people will throw at an unknown commodity that involves magic like neodymium or national security like the HRE's...
With excellent financial performance and a successful business plan, we just may have a story that will propel Lynas to additional international recognition. The story is much stronger this time around so given the irrational exuberance around the share price in 2011 almost anything is possible (maybe not $27)... JMHO...
Momentum stock...
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Last
$6.06 |
Change
0.020(0.33%) |
Mkt cap ! $5.664B | |||
| Open | High | Low | Value | Volume |
| $6.03 | $6.08 | $5.97 | $17.39M | 2.875M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36085 | $6.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 17440 | 5 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |