Piedmont Lithium's Australian shares retreat after rallying on mining permit

Piedmont Lithium

16/04/2024 05:33

** Piedmont Lithium's Australian shares  PLL.AX  slump as
much as 24.6% to A$0.215, marking their biggest intraday pct
fall since July 21, 2021
    ** The stock advanced 39% to A$0.2850 on Monday after co
received mining permit grant for North Carolina lithium project
    ** Stock down 21% at A$0.2250 as of 0400 GMT on Tuesday 
    ** PLL's Nasdaq-listed shares  PLL.O  ended 15.9% higher on
Monday
    ** PLL received permit to develop one of the largest U.S.
sources of lithium
    ** Including Tuesday moves, PLL's Australian shares have
lost 47.7% so far this year

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))