Yeh I was watching the price action today but it doesn't look like stops getting hit to me. For a while now there has been about 1m shares sitting in the sell queue at 4c. Right on 3.59pm today one of the big sellers in at that level pulled 750k from the queue and dumped into 3.85c. There were a couple of other approx 1m sellers around 3pm too. MEI is definitely looking very over sold now IMO.
I am significantly in the red on this but with good management, no CR this year, a fast track plan being implemented, cobalt cobalt cobalt with amazing historical grades and lots of news and drilling coming up in the next few months I just can't see it being at this level for long (although having said that I didn't see it getting this low either). I really don't get why the market is not liking MEI. It has a low MC, good projects and is in mining and politically friendly Canada unlike all the hype DRC cobalt stocks which seem to be getting all the attention at the moment. Some of those don't even have a cobalt project yet and are over double our MC and we have 3 and now 4 highly prospective projects which are being fast tracked.....
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Yeh I was watching the price action today but it doesn't look...
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Last
9.8¢ |
Change
0.001(1.03%) |
Mkt cap ! $222.2M |
Open | High | Low | Value | Volume |
9.8¢ | 10.3¢ | 9.7¢ | $318.6K | 3.224M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 104546 | 9.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.8¢ | 2896 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1773521 | 0.011 |
11 | 2924000 | 0.010 |
6 | 4510000 | 0.009 |
7 | 2258300 | 0.008 |
1 | 142857 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 620532 | 3 |
0.013 | 1998837 | 5 |
0.014 | 926384 | 7 |
0.015 | 670000 | 2 |
0.016 | 1179000 | 5 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
MEI (ASX) Chart |