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PLL - Piedmont Lithium: Solid Prospect With A Temporary Pullback
Piedmont Lithium Limited
2024-03-21 06:46:38 ET
Summary
Piedmont Lithium's stock performance has been weak, trading at $11, down 77% in the past year.
The company has not yet achieved operating profitability, but has a decent liquidity position.
Prudent cash management, stronger offtake agreements, and potential rebound in lithium markets serve as catalysts for the stock. Recent pullback presents attractive entry point.
Piedmont Lithium ( PLL ) is a US-based mining company focusing on lithium hydroxide production with operations in the US, Canada, and Ghana....