Rare Earth ETF plummets. Even after divvie, it's a complete overshoot of selling with ~9% drop overnight.
Add on top the financials of LYC that barely pulls in $200m revenue (yes revenue, not profit!) as a $9bn company, and we've got an EPIC recipe for disaster.
I feel bad for anyone here who thought LYC was some kind of Rare Earths global savior.. I hope you've enjoyed the story, it's carried you this far to an obscene $9bn market cap, but now reality is going to kick in hard and some are going to learn the painful lesson about understanding reality vs fantasy.
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Last
$8.39 |
Change
-0.220(2.56%) |
Mkt cap ! $7.848B | |||
| Open | High | Low | Value | Volume |
| $8.46 | $8.63 | $8.34 | $30.33M | 3.601M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | $8.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.40 | 5422 | 2 |
View Market Depth
| Last trade - 16.10pm 01/07/2025 (20 minute delay) ? |
| LYC (ASX) Chart |