Latin Resources (FRA:XL5) 6-Month Price Index : 1.43 (As of May. 24, 2024)

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What is Latin Resources 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 (2024-05-24), Latin Resources's 6-Month Price Index is 1.43.

Competitive Comparison of Latin Resources's 6-Month Price Index

For the Other Industrial Metals & Mining subindustry, Latin Resources'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.

Latin Resources (FRA:XL5) 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.

Latin Resources (FRA:XL5) 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.

Latin Resources 6-Month Price Index Related Terms

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

Latin Resources (FRA:XL5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Latin Resources Ltd (FRA:XL5) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

XL5:Germany LRS:Australia

Address

32 Harrogate Street, Unit 3, West Leederville, Perth, WA, AUS, 6007

Website

https://www.latinresources.com.au

Latin Resources Ltd is an Australian-based mineral exploration company, with projects in South America and Australia, that is developing mineral projects in commodities that progress global efforts towards Net Zero emissions. The Company is focused on its flagship Colina Lithium Project in the pro-mining district of Minas Gerais Brazil, and also holds the Catamarca Lithium Project in Argentina.

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