PLS Share Price Slides 11% in Three Sessions—Here’s What’s Driving the Selloff
PLS Group shares fell 1.1% to A$5.47 on Tuesday, extending their three-session loss to 11.3%. The stock traded between A$5.36 and A$5.62, with 25.3 million shares changing hands. The retreat gathered pace after the lithium producer approved about A$175 million of spending before a final investment decision on its P2000 expansion at Pilgangoora. Pre-FID spending means committing money to engineering, equipment and early construction work before the board formally sanctions the full project.