Every headwind possible has been blowing in the face of Sayona this past quarter.
The world is in a bit of a mess geopolitically and economically.
The price of lithium has been beaten down.
The United States, the biggest economy in the world, has so far been only half hearted in transitioning to clean energy and electric vehicles.
Sayona, the only hard rock miner of any size in North America, is currently trying to dig through ground that is tricky to mine due to legacy mine shafts.
Despite all this, they still have $99 million in the bank and they are improving in productivity.
The easing of any of the above headwinds should see a healthier bottom line by the end of this year.
Things ain’t all bad.
Every headwind possible has been blowing in the face of Sayona...
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Last
3.9¢ |
Change
-0.001(2.50%) |
Mkt cap ! $401.4M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.1¢ | 3.9¢ | $662.2K | 16.72M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 54 | 10922233 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 1220828 | 11 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
3.9¢ |
Change
-0.001 ( 2.50 %) |
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| Open | High | Low | Volume | ||
| 4.1¢ | 4.1¢ | 3.9¢ | 10045251 | ||
| Last updated 15.58pm 07/06/2024 ? | |||||
| SYA (ASX) Chart |