Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and Team , Can I have your view on GXY -Galaxy Resources - It has fallen to a low of $2.06 this Friday morning. I know the Lithium space is very volatile but I've seen a price target only this morning for this stock at $3.90. regards, Debbie
Hi Debbie,
Lithium producer GXY has been on a roller coaster ride over the last year as lithium stocks both soared and collapsed post the COVID breakout. Along with the BNPL space this sector epitomises our view that 2021 will be around buying weakness & selling strength i.e. be prepared to sell!
From a risk / reward perspective MM likes GXY in the low $2 region.
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