That's one ugly candlestick today, breaking below the two most recent tracebacks. Sooner or later the market has to wake up and revalue this stock lower. A $11b stock spitting out peanut profits relative to its valuation can't last forever. And even if the price of lithium did rebound, the market is valuing the stock as if spod is selling for many multiples of where it's currently at. There's a big disconnect at the moment between valuation and the price of the commodity it's selling.
PLS chart, page-20333
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Last
$3.00 |
Change
-0.020(0.66%) |
Mkt cap ! $9.030B | |||
| Open | High | Low | Value | Volume |
| $3.02 | $3.04 | $2.98 | $40.14M | 13.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 110363 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 14732 | 4 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |