Previous close | 0.1150 |
Open | 0.1200 |
Bid | 0.1050 x N/A |
Ask | 0.1150 x N/A |
Day's range | 0.1100 - 0.1200 |
52-week range | 0.0740 - 0.2250 |
Volume | |
Avg. volume | 785,853 |
Market cap | N/A |
Beta (5Y monthly) | 0.39 |
PE ratio (TTM) | N/A |
EPS (TTM) | -0.0080 |
Earnings date | 28 July 2024 - 01 Aug 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Australia's Anson Resources said on Wednesday it would supply 4,000 dry metric tons of lithium carbonate per year from its Paradox Basin project in Utah to South Korean battery giant LG Energy Solution for an initial term of 5 years. The commodity lithium has gained quite a traction over the past few years in tandem with the global trend of transitioning into green energy with the use of electric vehicles at the forefront. However, with diminishing demand of electric vehicles from China - one of the world's largest EV market - the prices for lithium, a key ingredient of EV batteries, have fallen quite a lot in the last few months.
A plan to extract lithium — the lustrous, white metal used in electric vehicle batteries — in southeast Utah is adding to an anxiety familiar in the arid American West: how the project could affect water from the Colorado River. An Australian company and its U.S. subsidiaries are analyzing the saline waters in a geologic formation shared by Utah, Colorado, New Mexico and Arizona, an area called the Paradox Basin. The area's groundwater is rich in lithium salts and other minerals from when it was a marine basin millions of years ago that repeatedly flooded and drained.
Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...