Fairly large RSI and price convergence here picked some up and despite making lower lows has traded in an overall consolidating pattern. Sure, Nifty needs to lift its game and expecting ramp up in production and figures should be encouraging moving forward. If all goes well then $275 mln revenue and $15.5 mln NPAT FY19 is more than feasible with the copper price looking healthier than a year ago when it was topping out. What MLX needs is earnings predictability and begin to offer production guidance.
MLX - Chart, page-7
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Last
43.5¢ |
Change
-0.020(4.40%) |
Mkt cap ! $398.7M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 45.8¢ | 43.0¢ | $1.862M | 4.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 76054 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 9761 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MLX (ASX) Chart |
