Previous close | 69.83 |
Open | 69.64 |
Bid | 69.66 x 1100 |
Ask | 69.50 x 1000 |
Day's range | 69.33 - 69.92 |
52-week range | 59.35 - 75.09 |
Volume | |
Avg. volume | 2,775,884 |
Market cap | 114.703B |
Beta (5Y monthly) | 0.59 |
PE ratio (TTM) | 10.58 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 4.35 (6.24%) |
Ex-dividend date | 16 Aug 2024 |
1y target est | N/A |
(Bloomberg) -- Shares of Arcadium Lithium Plc jumped after a report said Rio Tinto Plc is in talks to buy the smaller miner.Most Read from BloombergWhat Do US Vehicle Regulators Have Against Tiny Cars?Mexico City Restricts Airbnb Rentals to Curb ‘Gentrification’For a Master of Brutalist Provocations, a Modest Museum AppraisalNYC Schools Reverse Course on Cell-Phone Ban After Parents BalkThe Corner Store ComebackRio Tinto is said to be in negotiations to buy Arcadium in a deal that would value th
(Reuters) -Rio Tinto has been holding talks to buy lithium miner Arcadium, three sources with direct knowledge of the negotiations said, a deal that would make Rio the third-largest producer of the electric vehicle battery metal. Arcadium shares surged 36% in extended trading on Friday. Talks have been ongoing and continued in London this week during the LME Week conference, one of the sources said.
Shares of lithium miners were rising because a a giant might be on the hunt for an acquisition. On Friday, The Australian reported that Rio Tinto might be looking at M&A in the lithium space. The report was all it took to give shares of lithium miners a boost.