Is the PLL share price volatile?
PLL: Get the latest Piedmont Lithium stock price and detailed information including PLL news, historical charts and realtime prices.
Why is the Piedmont lithium share price in a trading halt?
Mar 24, 2021 · What happened Shares of Australian -- soon to be American -- mining company Piedmont Lithium ( PLL ) were trading down by as much as 23.5% on Wednesday morning after management announced plans to...
Is PLL's a good investment?
Mar 04, 2021 · What happened Shares of Australian lithium mining company Piedmont Lithium ( PLL ), which currently trades on the Nasdaq in the form of American Depositary Shares (ADS), representing common shares...
Is Piedmont lithium (PLL) using debt sensibly?
Piedmont Lithium Announces Closing of Public Offering of Common Stock. NEW YORK / Mar 24, 2022 / Business Wire / Piedmont Lithium Inc. (“Piedmont” or …
Should I sell PLL stock?
Out of 3 analysts, 2 (66.67%) are recommending PLL as a Strong Buy, 1 (33.33%) are recommending PLL as a Buy, 0 (0%) are recommending PLL as a Hold, 0 (0%) are recommending PLL as a Sell, and 0 (0%) are recommending PLL as a Strong Sell. What is PLL's earnings growth forecast for 2022-2024?
Is PLL stock a good investment?
The financial health and growth prospects of PLL, demonstrate its potential to underperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.
Who owns PLL stock?
Top 10 Owners of Piedmont Lithium IncStockholderStakeShares ownedThe Vanguard Group, Inc.3.58%567,912Invesco Capital Management LLC2.78%440,891Merewether Investment Management ...1.87%297,120BlackRock Fund Advisors1.68%266,8676 more rows
Why is Piedmont lithium stock dropping?
Why? The most logical conclusion is that investors are reacting negatively to Piedmont's Form 6-K, filed with the SEC today, in which the company advises that its board of directors has voted unanimously in favor of redomiciling (i.e. moving the headquarters) to the United States.Mar 4, 2021
Is PLL overvalued?
Price to Book Ratio PB vs Industry: PLL is overvalued based on its PB Ratio (7.9x) compared to the AU Metals and Mining industry average (2.6x).
Why is there a trading halt on PLL?
Piedmont Lithium Ltd (ASX: PLL) shares have been put into a trading halt after the mining company announced a US public offering. Marc is a Master of Journalism and Communications student at UNSW and journalist at The Motley Fool.Mar 23, 2021
What is the best lithium stock?
The Top 5 Lithium Stocks That Could ExplodeLithium Americas Corporation (LAC) – NYSE.Livent Corporation (LTHM) – NYSE.Sociedad Quimica y Minera (SQM) – NYSE.Albemarle Corporation (ALB) – NYSE.Piedmont Lithium (PLL) – NASDAQ.Mar 12, 2022
Will Piedmont lithium stock go up?
Piedmont Lithium Inc (NASDAQ:PLL) The 7 analysts offering 12-month price forecasts for Piedmont Lithium Inc have a median target of 95.00, with a high estimate of 124.00 and a low estimate of 85.00. The median estimate represents a +38.04% increase from the last price of 68.82.
Why is Piedmont lithium?
The unique geographic proximity of our resources, production operations and prospective customers, places us on the path to be the most sustainable provider of lithium hydroxide in the world and should allow Piedmont to play a pivotal role in supporting America's move to the electrification of transportation and energy ...
Shareholders were spooked by dilution concerns
What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
Shares of Australian -- soon to be American -- mining company Piedmont Lithium ( NASDAQ:PLL) were trading down by as much as 23.5% on Wednesday morning after management announced plans to float 1.75 million new American Depositary Shares (ADS) at $70 apiece. As of 12:10 pm. EDT, they were off by 18.3%.
Now what
Piedmont's offering includes an overallotment option that would permit its underwriters to buy up to 262,500 additional ADSes, raising the total amount of potential new ADSes to just over 2 million, and the total cash haul for the company to almost $140.1 million, before deduction of fees and costs.
Piedmont is coming to America. Hurray?
Suffice it to say that, bad as the dilution may hurt today, it's crucial that Piedmont get access to the cash it needs to begin production -- or else its stock might not be worth anything at all.
What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
Shares of Australian lithium mining company Piedmont Lithium ( NASDAQ:PLL), which currently trades on the Nasdaq in the form of American Depositary Shares (ADS), representing common shares on the Australian Stock Exchange, are coming to America -- and it seems investors aren't happy about it. Piedmont stock dropped 19% in Thursday trading.
Now what
Thursday probably should have been a good day for Piedmont shareholders, seeing as B. Riley Securities raised its price target on the stock from $66 to $93 a share this morning.
What is Piedmont Lithium?
A new company, Piedmont US, will be formed to hold the assets of Piedmont Lithium, and current holders of Piedmont Australian stock and Piedmont ADS will all exchange their current securities for new stock in Piedmont US.
When is Piedmont Lithium webinar?
, (“Piedmont” or the “Company”) (NASDAQ: PLL; ASX: PLL), a clean energy company focused on the integrated production of lithium hydroxide to support the U.S. electric vehicle supply chain, today announced the election of two new Non-Executive...
How long does it take to get a 404 permit for lithium?
NEW YORK-- ( BUSINESS WIRE )-- Piedmont Lithium Limited (ASX:PLL; NASDAQ:PLL) (“Piedmont” or “Company”) announced today that it will participate in an investor webinar and Q&A session on Wednesday, May 29, 2019, at 1 :00 p.m. EDT hosted by RedChip Companies. The webinar will feature a presentation by Keith...
Does Piedmont have a binding sales agreement with Tesla?
A Section 404 Permit has been issued to Piedmont Lithium by the US Army Corps of Engineers The Permit was issued 11 months after application and within the Company’s announced timetable The 404 Permit is the only...
Is Piedmont Lithium a public company?
Piedmont enters into binding sales agreement to supply spodumene concentrate to Tesla Five-year fixed-price binding agreement with optional five-year extension Agreement confirms the strategic nature of Piedmont’s unique American spodumene deposit Discussions are ongoing with respect to other lithium and...
Is Piedmont Lithium a PFS?
NEW YORK / Oct 19, 2020 / Business Wire / Piedmont Lithium Limited (“Piedmont” or the “Company”) (Nasdaq:PLL; ASX:PLL) today announced that it plans to conduct a U.S. public offering, subject to market and other conditions, of 1.5 million of its American Depositary Shares (“ADSs”), with each ADS...
What is Piedmont Lithium?
NEW YORK-- ( BUSINESS WIRE )-- Piedmont Lithium Limited ( “Piedmont” or “Company” ) is pleased to announce positive results from pre-feasibility study (“PFS”) level metallurgical test work conducted on composite samples of ore from the Piedmont Lithium Project (“Project”) performed at SGS testing...
Is PLL unprofitable?
Piedmont Lithium Inc. engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Piedmont lithium project covering a landholdin...
What did the company announce today?
Earnings Trend: PLL is unprofitable, and losses have increased over the past 5 years at a rate of 32.6% per year. Accelerating Growth: Unable to compare PLL's earnings growth over the past year to its 5-year average as it is currently unprofitable.
Piedmont Lithium is one of the fastest-growing companies on the ASX
In a statement to the ASX, Piedmont Lithium announced its plan “to conduct a U.S. public offering,” of up to 1.5 million of its American Depository Shares (ADS). 1 ADS will be the equivalent of 100 of its ordinary shares. As mentioned, the company placed shares in a suspension in anticipation of further announcements.
