Why is LYC such a Yoyo?
It's as if the bigs manipulate it one day up, another day down, scoring minor victories long the way.
All of the signs are positive. The company is making very respectable profits, adding a processing plant in Kalgoorie, and opening up 2 sites in the U.S. with government support; one for Light RE's, the other for Heavy RE's.
Mt. Weld was just re-surveyed and the reserves were close to doubled. No one really talks about Duncan, but Lynas easily has the capability to fill the pipelines in Kuantan, Kalgoorie and elsewhere as needed, which would more than double current revenue. With economies of scale profits drop right to the bottom line.
So why the downward pressure?
Technical, page-15
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Last
$6.56 |
Change
0.090(1.39%) |
Mkt cap ! $6.131B | |||
| Open | High | Low | Value | Volume |
| $6.53 | $6.58 | $6.51 | $14.95M | 2.285M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $6.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.56 | 6919 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$6.55 |
Change
0.090 ( 1.39 %) |
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| Open | High | Low | Volume | ||
| $6.53 | $6.58 | $6.51 | 732559 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LYC (ASX) Chart |