(PLL) Piedmont Lithium - Ratings and Ratios

Piedmont Lithium Inc., a development-stage company, specializes in the exploration and development of lithium resources in the United States. The companys primary asset is the Carolina Lithium Project, which spans approximately 3,706 acres within the Carolina Tin-Spodumene Belt, a region historically known for lithium mineralization. Located northwest of Charlotte, North Carolina, this project positions the company in a strategic location with proximity to major lithium consumers and infrastructure. In addition to the Carolina Lithium Project, Piedmont Lithium owns smaller properties in Bessemer City and Kings Mountain, North Carolina, totaling 66 acres. The company, established in 2016, is headquartered in Belmont, North Carolina, and is part of the critical minerals sector, which is increasingly important for the global transition to renewable energy and electrification.

From a technical perspective, Piedmont Lithiums stock (NASDAQ:PLL) is currently trading at $6.76 with a 20-day average volume of 263,969 shares. The stock is below its key moving averages, with the SMA 20 at $7.92, SMA 50 at $8.53, and SMA 200 at $10.34, indicating bearish momentum. The Average True Range (ATR) of 0.48 suggests relatively low volatility. On the fundamental side, the company has a market capitalization of $155.80M and a forward P/E ratio of 6.57, reflecting investor expectations of future profitability. The P/B ratio of 0.52 indicates that the stock is trading below its book value, while the P/S ratio of 1.56 points to moderate valuation relative to sales. However, the negative return on equity (RoE) of -21.71% highlights the companys current developmental stage and lack of profitability.