Why do you think every single lithium stock around the planet is falling. Its over supply. Happens with iron ore too which sees the ore price fall when there is over supply then when stocks get low they buy up like they are doing now and the iron ore price goes up.
Lithium prices are falling which is why all the lithium stocks are falling.
PLS going to keep falling. Panic will set in and it will fall even harder.
I have PLS and not worried as I know longer term they'll rebound.
For the last several weeks its been in free fall. Its fallen $2 in price and still falling quite hard.
When ever they announce he dividend we may see a spike upwards then a fall back which happens with most dividend stocks.
AKE also falling very hard and down from nearly $17 to $10 or so today.
Meanwhile FMG, RIO and BHP are all booming up due to low stocks in China which sees them buy up more iron ore.
In 2023 we will see many new mines pumping out lithium and that alone will see prices fall. Again seen this with iron ore where new miners come in and then the ore price falls hard.
PLS Price at posting:
$3.66 Sentiment: Hold Disclosure: Held
(20min delay)