Yes rob1605, not with just this stock, it's happening with lots of stocks, people get enthusiastic after drill results and the share price shoots up, or they hear a rumour and it shoots up, then we get the usual lull until the next set of results sometime down the track, and the stock price retraces a little, but with some luck, not back to it's original position (though often it does, especially with small caps). It often takes some conviction from a big reputable buyer to move these to the next level.
Buy the rumour, sell the fact - it often works, but not always. I'm not a trader, so this type of movement doesn't bother me much, but I suspect I am like you, and it is interesting to watch.
I am sensing that you may be right though, and am looking out for possibly some drilling results, and also a change in substantial holding notice. Maybe we will see both.
Gold is becoming interesting again.
Gw
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- Ann: Outstanding Shallow Drill Results at Orient Well NW
Ann: Outstanding Shallow Drill Results at Orient Well NW, page-20
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Last
$2.54 |
Change
0.105(4.32%) |
Mkt cap ! $2.392B |
Open | High | Low | Value | Volume |
$2.51 | $2.56 | $2.51 | $3.934M | 1.556M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
42 | 20389 | $2.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.54 | 20498 | 55 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 336863 | 0.032 |
5 | 670322 | 0.031 |
3 | 1463983 | 0.030 |
1 | 35715 | 0.028 |
1 | 50000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 228961 | 2 |
0.034 | 71429 | 1 |
0.035 | 420000 | 4 |
0.036 | 135567 | 3 |
0.037 | 435696 | 2 |
Last trade - 14.59pm 27/11/2024 (20 minute delay) ? |
GMD (ASX) Chart |