Piedmont Lithium Inc. - Sponsored ADR (PLL) Soars 11.5%: Is Further Upside Left in the Stock?

Company Overview - Piedmont Lithium Inc. shares increased by 11.5% to close at $7.49, supported by high trading volume, compared to a 9.6% gain over the past four weeks [1] - The rise in Piedmont Lithium's stock is attributed to an increase in lithium prices, which have improved by 7.4% in the last month despite a year-over-year decline of 24.9% [1] Earnings Expectations - The company is projected to report a quarterly loss of $0.38 per share, reflecting a year-over-year change of +44.9%, with expected revenues of $11.3 million, down 14.6% from the previous year [2] - The consensus EPS estimate for Piedmont Lithium has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Industry Context - Piedmont Lithium is part of the Zacks Mining - Miscellaneous industry, which includes other companies like Denison Mine, that finished the last trading session 0.5% higher at $1.87 [4] - Denison Mine's consensus EPS estimate has also remained unchanged at -$0.02, representing a 100% decline from the previous year [5]