Down 69% in 2024, has the Lake Resources share price hit a bottom?
The Lake Resources NL (ASX: LKE) share price has endured a tough year, falling 69% into the red since January.
Zooming out wider still, Lake Resources is down from $2.31 in April of 2021, tying in closely to the price of lithium.
Shares in the lithium player are priced at 4.1 cents per share before the open on Monday, having spiked more than 9% in the past month.
With global lithium prices currently in a slump, does the Lake Resources share price have more pain to come? Let’s see what the experts think.
Kachi Project: The crown jewel
The Kachi project, located in Argentina is Lake Resources’ flagship asset. Along with lithium prices, the Lake Resources share price is sensitive to updates at Kachi.
