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Lithium Energy (ASX:LEL) 6-Month Price Index : 0.67 (As of Jun. 19, 2024)


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What is Lithium Energy 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-06-19), Lithium Energy's 6-Month Price Index is 0.67.


Competitive Comparison of Lithium Energy's 6-Month Price Index

For the Other Industrial Metals & Mining subindustry, Lithium Energy's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lithium Energy  (ASX:LEL) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Lithium Energy  (ASX:LEL) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.


Lithium Energy 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Lithium Energy's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.


Lithium Energy (ASX:LEL) Business Description

Traded in Other Exchanges
N/A
Address
680 Murray Street, Suite 1, Level 1, West Perth, WA, AUS, 6005
Lithium Energy Ltd is a battery minerals company with two exploration and development projects, the Solaroz Lithium Project in Argentina, which comprises 12,000 hectares of prospective lithium mineral concessions, and the Burke Graphite Project in Queensland, which contains a high-grade graphite deposit and presents an opportunity to participate in the anticipated growth in demand for graphite and graphite related products. The company derives the majority of its revenue from Argentina.

Lithium Energy (ASX:LEL) Headlines

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