Liontown Shares Eye Tuesday Session After 12% Weekly Drop in Lithium Rout
Liontown Limited shares faced more selling Tuesday, starting the ASX session below water after ending the last session down 6.14% at A$2.14. That’s a sizable drop for the lithium stock, though it’s still up roughly 36% so far this year. Shares have slipped 11.57% in the past five sessions, market data show. Australian stock trading is catching up now after the ASX cash market was shut on June 8 for the King’s Birthday holiday, leaving no Monday session to react to the last move. Tuesday is the first regular local trading day since Friday’s selloff.