Why is the Piedmont Lithium (ASX:PLL) share price struggling of late?

why is the piedmont lithium asxpll share price struggling of late

Sumary of Why is the Piedmont Lithium (ASX:PLL) share price struggling of late?:

  • The Piedmont Lithium Inc (ASX: PLL) share price has been volatile over the last 7 days, ultimately falling around 3% lower.
  • At the time of writing, the Piedmont Lithium share price is 82.2 cents, 0.96% lower than its previous closing price.
  • Let’s take a look at all the news released by the United States-based lithium business over the last few months.
  • The latest news to boost Piedmont Lithium’s stock’s value was released on 22 October.
  • Then, the company announced it had upped its Carolina Lithium Project’s mineral resource estimate to 44.2 tonnes at 1.08% lithium oxide.
  • Despite the seemingly positive news, the Piedmont Lithium share price slid 1.2% on the back of the update.
  • The market has also been treated to news of the acquisition of the North American Lithium mine.
  • Sayona Quebec – which is 25% owned by Piedmont Lithium and 75% by Sayona Mining Ltd (ASX: SYA) – acquired North American Lithium on 30 August.

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