4ce - watching n waiting
Lithium has gotten smashed over the past few months and 4ce is no exception, seeing an approximate 70% correction. It witnessed a small pump of sorts last week but I don't believe this is a sign of a reversal as of yet. Would like to see this consolidate and trade in a range for a bit and have shares in the hands of more sticky holders.
Comparative to AVZ (its neighbour), its mcap is lower, but fundamentally whats in the ground from the initial augur drills does not seem to be made of the same grade. A proper drilling program has begun and will be interesting to see what comes out.
That being said, nearology is a real factor and would be interested to see what happens if it can breach that downtrend on some significant volume.
Comparative to AVZ (its neighbour), its mcap is lower, but fundamentally whats in the ground from the initial augur drills does not seem to be made of the same grade. A proper drilling program has begun and will be interesting to see what comes out.
That being said, nearology is a real factor and would be interested to see what happens if it can breach that downtrend on some significant volume.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.