|Bid||2.5000 x 0|
|Ask||2.7000 x 0|
|Day's range||2.5000 - 2.8670|
|52-week range||0.0281 - 3.2000|
|Beta (5Y monthly)||1.46|
|PE ratio (TTM)||N/A|
|Earnings date||18 Mar 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||20.00|
The art and science of stock market investing requires a tolerance for losing money on some of the shares you buy. But...
The lush, green hills where Paulo Pires has for years brought sheep to graze above his picturesque Portuguese village may soon be transformed by the race to power electric vehicles. Hundreds of drill holes across the countryside show where miners want to excavate the land for lithium, a vital ingredient for batteries used in electric cars, smartphones and energy storage. "If my livelihood is taken away from me, I won't have a future elsewhere," said 45-year-old Pires, whose village lies in the municipal district of Boticas.
London-based mining company Savannah Resources <SAVS.L> said on Monday it was in talks with several major European industrial groups, including carmakers, as it gears up to start commercial lithium production in northern Portugal in 2021. Portugal is Europe's biggest lithium producer, but its miners sell almost exclusively to the ceramics industry and are only now preparing to produce the higher-grade lithium that is used in electric cars and to power electronic appliances. Savannah already mines feldspar, quartz and pegmatites in Barroso, a mountainous region in the north of Portugal.