ZIP 3.10% $1.41 zip co limited..

It appears to have a lot of resources - approaching $1 bil in...

  1. 7,785 Posts.
    lightbulb Created with Sketch. 996
    It appears to have a lot of resources - approaching $1 bil in assets including a few hundred mil cash, not a lot of liabilities and seems to have the resources to be able to weather the storm of underperforming lithium prices, which are expected to improve as demand increases. It has found the stuff, has the Plant & Equipment to extract the material, but it is spending almost half its income on development, and it is hard to mothball stuff until the market comes good. Might be a while until it happens though. Having said that, its share register is full of big funds which seem willing to tough it out. I think those characters who jumped in were a little ahead of themselves
 
watchlist Created with Sketch. Add ZIP (ASX) to my watchlist
(20min delay)
Last
$1.41
Change
-0.045(3.10%)
Mkt cap ! $1.582B
Open High Low Value Volume
$1.46 $1.46 $1.40 $17.56M 12.33M

Buyers (Bids)

No. Vol. Price($)
8 90030 $1.40
 

Sellers (Offers)

Price($) Vol. No.
$1.41 114400 4
View Market Depth
Last trade - 16.10pm 17/06/2024 (20 minute delay) ?
Last
$1.40
  Change
-0.045 ( 3.09 %)
Open High Low Volume
$1.46 $1.46 $1.40 4967633
Last updated 15.59pm 17/06/2024 ?
ZIP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.