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The Growth Opportunity In JX Luxventure Limited (NASDAQ: LLL)

JX Luxventure Limited (NASDAQ:LLL) shares, rose in value on Friday, 08/05/22, with the stock price up by 1.44% to the previous day’s close as strong demand from buyers drove the stock to $1.41.

Actively observing the price movement in the last trading, the stock closed the session at $1.39, falling within a range of $1.33 and $1.4599. The value of beta (5-year monthly) was 1.56. Referring to stock’s 52-week performance, its high was $7.16, and the low was $1.11. On the whole, LLL has fluctuated by 9.30% over the past month.

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Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LLL’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LLL currently trading nearly 9.60% and 1.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.56, while the 7-day volatility ratio is showing 8.18% which for the 30-day chart, stands at 6.89%. Furthermore, JX Luxventure Limited (LLL)’s beta value is 1.48, and its average true range (ATR) is 0.10.

A comparison of JX Luxventure Limited (LLL) with its peers suggests the former has fared considerably weaker in the market. LLL showed an intraday change of 1.44% in last session, and over the past year, it shrunk by -61.99%%. In comparison, Rocky Brands Inc. (RCKY) has moved lower at -2.83% on the day and was down -45.42% over the past 12 months. Additionally, there is a gain of 1.44% for JX Luxventure Limited (LLL) in last trading while the stock has seen an overall depriciation of -61.99%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.16%. Meanwhile, the Dow Jones Industrial Improved by 0.23%.

Data on historical trading for JX Luxventure Limited (NASDAQ:LLL) indicates that the trading volumes over the past 10 days have averaged 0.34 million and over the past 3 months, they’ve averaged 803.28K. According to company’s latest data on outstanding shares, there are 4.52 million shares outstanding.

Nearly 43.62% of JX Luxventure Limited’s shares belong to company insiders and institutional investors own 2.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.24 million shares as on Jul 14, 2022, resulting in a short ratio of 0.13. According to the data, the short interest in JX Luxventure Limited (LLL) stood at 1.86% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 79190.0. The stock has fallen by -37.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LLL stock heading into the next quarter.

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