IMO the price is getting hammered because Lynas has not finished the plant,yet and Malaysia has not issued the POL.
Short selling is allowed under ASX and it will continue until some positive news comes out. And I mean positive. Lynas does not provide much information to the ASX as we seem to need to read the Malay papers to know whats going on. Rightly or wrongly.
ms and mitsubishi operating to control sp, page-12
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Last
$6.80 |
Change
-0.100(1.45%) |
Mkt cap ! $6.356B | |||
| Open | High | Low | Value | Volume |
| $6.78 | $6.80 | $6.69 | $13.60M | 2.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13933 | $6.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.80 | 1389 | 3 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |