The charts are bullish but I wouldn't read too much into them. Basically LRS has gone from 0.3 cent to 1.1 cents in a few weeks. I believe LRS was oversold 6 months ago when the mediocre drill results were released. The price collapse wasnt justified then and the rapid appreciation in the past month has really been a return to true value.
LRS has a huge territory and there has been minimal testing. I believe the potential is there - just a matter of realizing it.
I will sit up and take notice when the share price moves beyond 3 cents. It will only do this on the basis of some good news and/or positive drill results.
Charts, page-23
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Last
20.0¢ |
Change
0.010(5.26%) |
Mkt cap ! $560.2M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 20.0¢ | 18.8¢ | $3.328M | 17.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 906298 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 1359434 | 12 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| LRS (ASX) Chart |
