Piedmont Lithium Added to Russell 2000® Index
July 06 2022 - 6:50AM
Business Wire
Piedmont Lithium (Nasdaq:PLL; ASX:PLL), a leading, diversified
developer of lithium resources critical to the U.S. electric
vehicle supply chain, was added as a member of the U.S. Russell
2000® Index and the Russell Microcap Index as part of the 2022
Russell indexes reconstitution. Membership in the Russell 2000®
Index, which remains in place for one year, is based on membership
in the broad-market Russell 3000® Index.
Annual reconstitution of the Russell indexes captures the 4,000
largest US stocks as of May 6, ranking them by total market
capitalization. Membership in the Russell 3000® Index, which
remains in place for one year, means automatic inclusion in the
large-cap Russell 1000® Index or small-cap Russell 2000® Index as
well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
“We are extremely pleased to have been added as a member of the
U.S. Russell 2000® Index,” said Keith Phillips, Piedmont Lithium
CEO. “One of the objectives of our redomiciling in 2021 was to
qualify for important stock indices that require U.S.
domiciliation. Piedmont shares are now held by many index funds,
including those managed by State Street, Vanguard, Blackrock, and
others, and we hope that these long-term holders will support our
shareholder value creation objectives in the longer-run.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12 trillion in assets
are benchmarked against Russell’s U.S. indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
For more information on the Russell 2000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
To view the complete Piedmont Lithium release, click here.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220706005253/en/
Erin Sanders VP, Corporate Communications T: +1 704 575
2549 E: esanders@piedmontlithium.com
Christian Healy/Jeff Siegel Media Inquiries E:
Christian@dlpr.com E: Jeff@dlpr.com
Piedmont Lithium (NASDAQ:PLL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Piedmont Lithium (NASDAQ:PLL)
Historical Stock Chart
From Sep 2023 to Sep 2024