Some simple observations:
CORE LITHIUM is the most shorted stock on the ASX (Fact)
For more than a decade the stock was trading below 25c/s
It had a bull-run in 2022 for couple of years and hit +$1.80/s
52 weeks low around 62c/s
So where to from here?
I am a simple investor but anyone in HC will tell you the trend is your friend; I hate to admit that but, yes unless you have very deep pockets it would be foolish (IMHO) to try to catch a falling knife - I like Li stocks because of their promising future which is yet to be realised - except we are not on the company's payroll with 7 figure salaries and stock options and performance rights options etc.
And in absence of dividends my take is this Co is: it could go as low as mid to low 30c before things stabilize again and we may see more bull runs and pump and dump. So I am watching this co with interest to find a position with minimum down side - if I am wrong it would be my loss. Because when the market finds instos can milk the stock successfully once will keep doing it, until people like you and I are out of this co altogether.
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Last
9.1¢ |
Change
-0.003(3.19%) |
Mkt cap ! $194.4M |
Open | High | Low | Value | Volume |
9.3¢ | 9.4¢ | 9.1¢ | $1.765M | 19.18M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 618024 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.2¢ | 285600 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 618024 | 0.091 |
85 | 2972132 | 0.090 |
15 | 891193 | 0.089 |
19 | 1135301 | 0.088 |
12 | 681944 | 0.087 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 285600 | 4 |
0.093 | 869150 | 8 |
0.094 | 1067781 | 5 |
0.095 | 750188 | 6 |
0.096 | 215000 | 3 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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