PMT patriot battery metals inc.

Weekly data and thoughts..Please not that all my views are for...

  1. 5,933 Posts.
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    Weekly data and thoughts.
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    Please not that all my views are for short-term only, and I could be wrong, so please dyor.
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    Lithium Sector Overview -
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    From a weekly perspective, PMT had a moderate drop from 30 to 28. Nothing much is happening. Playing Li macro. All the positivity around the announcement taking towards mid 40s is gone. Back into the deck. Li macro is strong currently, that everyone comes bak to it, no news is sticking for now.
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    Major price action indicators though are not bad -

    • ALB - Flat for the week, 81.2, last week 81.21
    • Ganfeng - Loss of around 0.3% from the week - moved from 36.01 to 35.81 this week
    • PLS/LTR - Loss of around 1/ to 2 % for the week
    • Spot Price - Down slightly for the week
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    So what do these numbers say? Stocks are stuck. Overall for the week, practically no change. Which may not be a bad thing. We need another push from ALB towards 92 (but first 85) and another push from Ganfeng around 37/38, which is not far away. Chinese stocks have held fairly well, so possible.
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    Personally, I have not been able to play much in EV (Lithium, REE, Cobalt, Graphite) and Uranium sector for quite some time from a sector play, I have been playing Gold to most extent with some Health stocks. Gold stocks are playing like Lithium and Uranium of 2021/2022. Even small stocks rising big on hype. Lets see how long it continues..
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    So what may happen next week? US general markets had a big drop on Friday. US Li stocks didn't to very bad, relatively, so that was a good sign. Monday we may start tentatively, especially with general market jitters, but not expecting any big drops for Li, to start with. Then it will depend on how Chinese Li stocks open. Lets hope its a week of ascendancy. All the best.
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    Here is the Figures for the Week:.
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    https://hotcopper.com.au/data/attachments/6830/6830267-af2a32798547c2b9c01e5e48114dae97.jpg
 
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Last
26.0¢
Change
-0.020(7.14%)
Mkt cap ! $140.2M
Open High Low Value Volume
26.5¢ 27.0¢ 26.0¢ $596.5K 2.270M

Buyers (Bids)

No. Vol. Price($)
3 144621 26.0¢
 

Sellers (Offers)

Price($) Vol. No.
28.0¢ 65397 3
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Last trade - 16.10pm 16/06/2025 (20 minute delay) ?
PMT (ASX) Chart
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