Market cap went from $5m to $6m which truly is a disappointment for such a significant milestone.
Unfortunately the stock is now in the hands of the traders and moves of .1 and .2 are rewarding these traders who will likely sell it down next week as the news of this subsides.
This sort of news could be a company maker given the worlds focus on Lithium, and I would not of been surprised if an ORE , or GXY only increased in market cap by $1m if they had signed up this type of mandate
If the patent has the upside potential of reducing the cost of producing carbonate , it could be the catalyst for the company to actually find a true backer of the business to take out all the traders and back the business with funding so it is not always pre raise all of the time ,and people like frikkie and co dont play us all buying it when it makes a new low and selling it on pops of 0.1 and 0.2.
I have lost a packet on LRS actually buying some stock in the 30-40 cents range , so to see excitement at 0.5 /0.6 really does little for me
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Last
20.0¢ |
Change
0.010(5.26%) |
Mkt cap ! $560.2M |
Open | High | Low | Value | Volume |
19.0¢ | 20.0¢ | 18.8¢ | $3.328M | 17.22M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 906298 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 1359434 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 215700 | 0.175 |
6 | 630000 | 0.170 |
7 | 1125150 | 0.165 |
8 | 1918920 | 0.160 |
10 | 651683 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 1869389 | 8 |
0.190 | 3947046 | 21 |
0.195 | 3325980 | 9 |
0.200 | 2906221 | 23 |
0.205 | 1881708 | 11 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
LRS (ASX) Chart |