I have been reluctant to top this up due the excessive valuation. A stock with a high PE should offer decent growth going forward. It also appears that Lynas needs to invest a fair bit of capital just to maintain status quo. I agree it is a cyclical play but the danger is that it could still fall a fair bit from here.
Stock price, page-377
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Last
$7.76 |
Change
0.010(0.13%) |
Mkt cap ! $7.216B | |||
| Open | High | Low | Value | Volume |
| $7.81 | $7.81 | $7.66 | $1.461M | 188.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1326 | $7.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.76 | 2860 | 9 |
View Market Depth
| Last trade - 11.04am 14/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |