In a report released on October 27, Al Harvey from J.P. Morgan maintained a Sell rating on Core Lithium Ltd (CXOXF – Research Report), with a price target of A$0.25. The company’s shares closed yesterday at $0.23.
Harvey covers the Basic Materials sector, focusing on stocks such as Pilbara Minerals Limited, Lynas Rare Earths Limited, and Northern Star Resources Ltd. According to TipRanks, Harvey has an average return of 5.6% and a 54.93% success rate on recommended stocks.
Currently, the analyst consensus on Core Lithium Ltd is a Hold with an average price target of $0.29.
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The company has a one-year high of $1.28 and a one-year low of $0.21. Currently, Core Lithium Ltd has an average volume of 35.51K.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CXOXF in relation to earlier this year.
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Core Lithium Ltd (CXOXF) Company Description:
Core Lithium Ltd is a lithium exploration company. The company is engaged in the exploration of lithium, copper deposits in Northern Territory and South Australia. Its projects include Finniss Lithium Project, and copper, zinc, and lead projects.
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