Piedmont Lithium Ltd ( ASX:PLL) has been granted a trading halt by the ASX pending an announcement regarding a capital raising. The halt will remain in place until the earlier of an announcement released to market or the opening of trade on the ASX on Wednesday July 3, 2019.
Is Piedmont lithium (PLL) a risky investment?
Mar 22, 2022 · There are a few reasons why a stock would go into a trading halt. It is generally ahead of a news announcement. Piedmont Lithium Inc. has requested the trading halt in connection with a proposed capital raising to be undertaken by way of a U.S. public offering of the Company’s shares. Trading halts are typically enacted in anticipation of a news announcement, …
What happens if there is no market in a stock?
Mar 23, 2021 · Lithium miner Piedmont Lithium Ltd (ASX: PLL) placed its shares in a trading halt today after announcing a US public offering. At the close of the previous day’s trade, shares in …
Why would a stock not trade for a day?
Mar 22, 2022 · So why is Piedmont Lithium not trading today? It’s due to a capital raising that the company announced this morning. In its request for a trading halt to the ASX, Piedmont stated that “the trading halt is requested on connection with a proposed capital raising to be undertaken by way of a U.S. public offering of the Company’s shares”.
Why is the Piedmont share price in a trading halt?
Find the latest Piedmont Lithium Inc. (PLL) stock quote, history, news and other vital information to help you with your stock trading and investing.
Why is PLL in a trading halt?
It's due to a capital raising that the company announced this morning. In its request for a trading halt to the ASX, Piedmont stated that “the trading halt is requested on connection with a proposed capital raising to be undertaken by way of a U.S. public offering of the Company's shares”.Mar 22, 2022
Can you buy stock in the PLL?
Shares of PLL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 Piedmont lithium a good investment?
After reaching an important support level, Piedmont Lithium Inc. (PLL) could be a good stock pick from a technical perspective. PLL recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.Apr 5, 2022
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).
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.
What does PLL company do?
PROFILE (PLL) Piedmont Lithium, Inc. is an exploration stage company, which engages in the exploration and development of mineral properties. The firm focuses on developing and manufacturing battery quality lithium hydroxide for the electric vehicle industry.
Is China buying lithium mines?
Thanks to the rapid development of the country's EV market, Chinese companies – including CATL and Tianqi – are currently the biggest buyers and investors of lithium mines around the globe and refine two-thirds of the world's lithium.Mar 5, 2022
Does Piedmont lithium pay dividends?
PIEDMONT LITHIUM (NASDAQ: PLL) does not pay a dividend.
When is the PLL class action lawsuit?
("Piedmont" or the "Company") (NASDAQ: PLL) from March 16, 2018 through July 19, 2021 (the "Class Period").
Who is the CEO of Piedmont Lithium?
Reporting to the CEO, Keith Phillips, Mr. White brings deep accounting and finance experience to Piedmont, and will oversee the Company’s financial accounting and reporting, budgeting
What is Piedmont Lithium?
Specifically, Piedmont Lithium is a supplier of lithium hydroxide, which is used in lithium-ion batteries. The company has a five-year binding agreement with Tesla (NASDAQ:TSLA). The agreement is at a fixed price, with first shipment expected in 2022-23.
Is Etsy free cash flow accelerating?
From a financial perspective, the company’s free cash flow has accelerated significantly in 2020. Etsy has an asset-light business model and reported a cash balance of $1.7 billion as of Q4 2020. As free cash flow accelerates, the company can potentially utilize the cash buffer for dividends and share repurchase.
Is Piedmont Lithium a lithium company?
Despite a recent dip in the stock, the rally can be explained by the fact that Piedmont Lithium is an emerging lithium chemicals company. Estimates suggest that global lithium demand will more than double by 2024, backed by strong growth in the electric vehicle (EV) industry.
Summary
Piedmont Lithium Limited (ASX:PLL) has been gaining traction in the market since the announcement concerning the restarting of drilling activities at the Carolina Tin-Spodumene Belt on 26 August 2020.
PLL Announces Restarting of Drilling Activities
The Company resumed drilling at the world-class Carolina Tin-Spodumene Belt (or TSB), consisting of ~ 5,600 metres, and the primary objective of the Company is to explore Target areas on the core and central properties along with untested regional properties bearing occurrences of spodumene.
Change in the Shareholding Pattern
PLL witnessed a substantial change in the shareholding pattern in the recent past with AustralianSuper –one of the largest Australia’s superannuation and pension fund increasing its position in the Company by 12.70 per cent at 146.73 million shares.
PLL Goes Under Trading Halt
Following the announcement of the change in the shareholding pattern, the stock of the Company went under the trading halt in the wake of a pending announcement.
Market and Price Behaviour
On following the daily chart, it could be seen that the stock witnessed a sudden splash in a downturn to give a breakaway gap above the horizontal resistance level at $0.131, reflecting on a large capital influx or buying interest in PLL.
Piedmont is coming to America. Hurray?
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.
What happened
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.
So 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.
Now what
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.
Insider Buying and Selling by Quarter
Want to know when executives and insiders are buying or selling Piedmont Lithium stock? Sign up for InsiderTrades.com's daily newsletter to get the latest insider transactions delivered to your inbox daily.
Who is on Piedmont Lithium's Insider Roster?
The list of insiders at Piedmont Lithium includes Bruce Czachor, David Klanecky, Jeffrey T Armstrong, Keith D Phillips, Michael D White, and Patrick Brindle. Learn more
How much insider buying is happening at Piedmont Lithium?
Insiders have purchased a total of 11,933 Piedmont Lithium shares in the last 24 months for a total of $635,755.17 bought.
How much insider selling is happening at Piedmont Lithium?
Insiders have sold a total of 51,765 Piedmont Lithium shares in the last 24 months for a total of $3,664,023.40 sold.
What happens if there is no market in a stock?
If not enough shares are offered for sale, they shun a stock altogether. If there is no market in a stock, it becomes hard to sell, such that even if an insider offers shares for sale, there are no buyers. Advertisement.
How much does a biotech stock lose if it's denied?
If the drug is approved, the stock can easily double; if it's denied, the stock can easily lose over 50 percent of its value.
What does it mean when a company halts trading?
Trading Halt. A company may request that the exchange where its stock is listed halt trading. This usually happens when important news is pending that is likely to affect the stock price.
Is the stock market liquid?
The stock market is very liquid -- that is, most stocks trade daily and can be bought and sold instantaneously, at least in reasonable quantity. However, in some instances, a stock may not trade for a day.
Can a sell order be executed at progressively lower prices?
The same applies to sell orders: A sell order for 1,000 may be executed at progressively lower prices. To avoid overpaying or being short-changed, investors place limit orders, such as orders with a specified price.
Can you trade thinly traded stocks?
Some thinly traded stocks are mostly owned by insiders and do not trade much. If no stock is offered for sale, there can be no trades. Investors, especially institutional investors, prefer to buy stocks they can accumulate in sufficient quantity and easily convert back into cash when needed.