Is the Pilbara Minerals share price a buy right now?
Image source: Getty Images
The ASX lithium share Pilbara Minerals Ltd (ASX: PLS) has soared by more than 90% in the past six months, as the chart below shows. This is a good time to ask whether the ASX mining share is a buy today.
When it comes to a volatile, seemingly cyclical business like Pilbara Minerals, it’s important to remember that past performance is not a reliable indicator of future performance. In other words, don’t expect it to rise another 90% in the next six months.
A significant portion of the recent excitement can probably be explained by a reduction in lithium supply from China.
But the hype may have run its course for now.
Can the Pilbara Minerals share price deliver more gains?
Broker UBS recently released some…
