Hi Team1, well the volume traded has been increasing over the past couple of weeks. But it is not huge by any stretch. If the share price were sinking with a volume level similar to that of the last week of January then i would be seriously concerned. Current daily volume is a lot lower. I put the current volume down to the glacial pace of reporting & the current volatility in the markets. Markets hate uncertainty & so some people are deciding to take profits. That is understandable.
Myself & Mickey have for some time now been talking about the need to keep momentum going via faster reporting. Geologists are often good at finding minerals but so many of them fail to understand the critical need of siezing market momentum. It is almost like they get blinded by what they have found. Basking in the glory of the deposit size & grades. Which means sweet f.a if you fail to monetize it correctly.
High zinc & copper prices wont last forever. Many mining companies are currently restoring mothballed production in both of these commodities. Add to that some monster zinc deposits that will soon be developed & the supply side is going to rapidly increase. Increased supply = lower prices.
- Forums
- ASX - By Stock
- Ann: Mallee Bull Update
Hi Team1, well the volume traded has been increasing over the...
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PEX (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.91M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 89603 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 8500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15656 | 0.435 |
1 | 25000 | 0.430 |
1 | 12000 | 0.420 |
3 | 48000 | 0.415 |
2 | 100500 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 18788 | 1 |
0.455 | 4859 | 1 |
0.460 | 12349 | 1 |
0.465 | 36629 | 2 |
0.470 | 2000 | 1 |
Last trade - 16.12pm 02/12/2024 (20 minute delay) ? |
Featured News
PEX (ASX) Chart |
Day chart unavailable