just to put a bit of flesh on your statement...
here is some D/E info for PLS
Not sure how accurate it is..
and here is the D/E info for Albermarle (ALB)
so you are right...
PLS debt is about A$452m
vs
ALB debt is about US$3.41b
Debt to Equity for
PLS = 14.1%
vs
ALB = 29.7%
Clearly the fall in price reflects this. ALB has fallen 62.5% whilst PLS has only fallen 18% and this is turn is coming out in fundamentals.
ALB is trying to reduce costs in its australian operations.
just to put a bit of flesh on your statement...here is some D/E...
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Last
$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $8.732B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.94 | $2.80 | $102.1M | 35.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 314863 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 20820 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |