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PLL

Piedmont Lithium Inc.

https://www.piedmontlithium.com

Industry

Industrial Materials

Piedmont Lithium Inc., an exploration stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,116 acres located within the Carolina Tin-Spodumene Belt situated to the west of Charlotte, North Carolina in the United States. It also owns a 61-acre property in Kings Mountain, North Carolina. Piedmont Lithium Inc. is headquartered in Belmont, North Carolina.

Open

7.06

Mkt cap

156M

Volume

272K

High

7.41

P/E Ratio

-2.15

52-wk high

17.66

Low

7.06

Div yield

N/A

52-wk low

6.26

Piedmont Lithium (NASDAQ: PLL) reported record production and shipping of 31,500 tons of spodumene in Q3 2024, with plans to ship 116,000 tons in 2024. The company, in partnership with Sayona Mining, achieved high production and operational performance at North American Lithium. A shipment shift to early 2025 is expected to benefit 2025 totals.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 10:55 am

The US Geological Survey discovered a significant lithium reserve in Arkansas, potentially impacting Exxon Mobil's plans for lithium extraction. Exxon aims to produce lithium for electric vehicles by 2030 using Direct Lithium Extraction technology. This discovery could reduce US reliance on foreign lithium imports.

Portfolio Pulse from Stjepan Kalinic

October 23, 2024 | 4:42 pm

Piedmont Lithium's stock is experiencing a decline following a downgrade by JP Morgan from Neutral to Underweight, with a reduced price target from $9 to $8.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 1:15 pm

JP Morgan has downgraded Piedmont Lithium (NASDAQ:PLL) from Neutral to Underweight and reduced its price target from $9 to $8.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 11:04 am

Macquarie analyst Hayden Bairstow has downgraded Piedmont Lithium (NASDAQ:PLL) from Neutral to Underperform, setting a price target of $7.8.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 10:05 am

Piedmont Lithium's shares rose following the announcement that the Ghana Minerals Commission granted a mine operating permit for the Ewoyaa project, a joint venture.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:38 pm

Piedmont Lithium has received a Mine Operating Permit from the Minerals Commission of Ghana for the Ewoyaa Lithium Project, a joint venture in Ghana.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 10:55 am

Piedmont Lithium has announced an at-market issuance sales agreement to sell up to $50 million of its common stock. This move is likely aimed at raising capital for its operations and projects.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:10 pm

Piedmont Lithium has received an environmental permit from Ghana's EPA for the Ewoyaa Lithium Project, developed in partnership with Atlantic Lithium. Piedmont has also increased its stake in the project, aiming for a 50% equity interest.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 10:53 am

Citi forecasts a 20-25% increase in lithium prices over the next 2-3 months due to supply curtailment and short covering. This could impact companies involved in lithium production and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:18 pm

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