Piedmont Lithium (PLL, Financial) experienced a notable stock price surge, climbing 5.15% to $11.84 per share. The trading volume reached 368,082 shares, with a turnover rate of 1.89% and a price fluctuation amplitude of 5.95%.
Recent financial reports indicate the company generated $13.23 million in revenue, but faced a net loss of $13.33 million. The earnings per share (EPS) stood at -$0.69, gross profit at $617,000, and the price-to-earnings (P/E) ratio was -5.82.
Among the nine institutions rating the stock, 44% recommended buying, 33% advised holding, and 23% suggested selling.
Within the industrial metals and mining sector, which saw a decline of 0.55%, related stocks such as Lithium Americas Corp. and Nova Minerals Ltd showed significant activity and increases. Turnover rates for Lithium Americas Corp., Nova Minerals Ltd, and Piedmont Lithium were 3.97%, 2.93%, and 1.89%, respectively.
Piedmont Lithium is a US-based, multi-asset lithium business supporting the clean energy economy and global energy security. Its projects include the Carolina Lithium Project in North Carolina and the Tennessee Lithium Project in Tennessee.
