Streetbeat News

PMETF

Patriot Battery Metals Inc

http://www.92resources.com/

CEO

Adrian Lamoureux

Industry

Crushed and Broken Limestone Mining and Quarrying

Open

1.78

Mkt cap

251M

Volume

6.4K

High

1.78

P/E Ratio

177.50

52-wk high

3.77

Low

1.75

Div yield

N/A

52-wk low

1.70

Volatility in lithium pricing in China is attracting retail investors to mining companies, according to Patriot Battery Metals CEO Ken Brinsden. The Chinese market's sensitivity to price over quality fosters spot market transactions, increasing volatility. This benefits day traders but complicates capital costs for producers. South Korean and Japanese buyers prefer long-term contracts, offering more stability. Patriot Battery Metals is developing a significant lithium property in Quebec.

Portfolio Pulse from Matt Whittaker

June 25, 2024 | 12:20 pm

Albemarle Corporation (ALB) has increased its bid to acquire all outstanding shares of Liontown Resources Ltd. (LINRF) for $4.32 billion. The previous offer, made in March, valued Liontown at $3.4 billion. The companies will now enter into a non-disclosure and exclusivity agreement. Albemarle also announced the closing of its C$109 million investment with Patriot Battery Metals Inc (PMETF).

Portfolio Pulse from Nabaparna Bhattacharya

September 04, 2023 | 3:01 pm

Albemarle Corporation's shares are trading lower despite beating earnings per share estimates and providing strong 2023 guidance. The company also announced the closing of its C$109 million investment with Patriot Battery Metals, now owning approximately 4.9% of Patriot's shares. Credit Suisse analyst John Roberts maintained Albemarle with an Underperform and raised the price target from $163 to $185.

Portfolio Pulse from Ryan Gustafson

August 04, 2023 | 2:16 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.