Piedmont Lithium secures mine operating permit for Ghana project
| PLL Stock | USD 6.37 0.01 0.16% |
About 62% of Piedmont Lithium's investor base is looking to short. The current sentiment regarding investing in Piedmont Lithium Ltd stock implies that many traders are alarmed. Piedmont Lithium's investing sentiment shows overall attitude of investors towards Piedmont Lithium Ltd.
Piedmont Lithium says Ghana grants operating permit for Ewoyaa joint venture project with Atlantic Lithium.
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Piedmont Lithium Fundamental Analysis
We analyze Piedmont Lithium's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Piedmont Lithium using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Piedmont Lithium based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Sales
Price To Sales Comparative Analysis
Piedmont Lithium is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Piedmont Lithium Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Piedmont Lithium stock to make a market-neutral strategy. Peer analysis of Piedmont Lithium could also be used in its relative valuation, which is a method of valuing Piedmont Lithium by comparing valuation metrics with similar companies.
Peers
Piedmont Lithium Related Equities
| RIO | Rio Tinto | 0.24 |
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| VALE | Vale SA | 0.51 |
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| NB | NioCorp Developments | 0.84 |
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| TECK | Teck Resources | 0.89 |
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| LAC | Lithium Americas | 1.06 |
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| SLI | Standard Lithium | 1.20 |
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| BHP | BHP Group | 1.25 |
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| MP | MP Materials | 2.87 |
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| PILBF | Pilbara Minerals | 3.23 |
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| PMETF | Patriot Battery | 5.06 |
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| SGML | Sigma Lithium | 5.34 |
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Check out Piedmont Lithium Hype Analysis, Piedmont Lithium Correlation and Piedmont Lithium Performance. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Piedmont Lithium. If investors know Piedmont will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Piedmont Lithium listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Piedmont Lithium is measured differently than its book value, which is the value of Piedmont that is recorded on the company's balance sheet. Investors also form their own opinion of Piedmont Lithium's value that differs from its market value or its book value, called intrinsic value, which is Piedmont Lithium's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Piedmont Lithium's market value can be influenced by many factors that don't directly affect Piedmont Lithium's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Piedmont Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Piedmont Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Piedmont Lithium's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.