MGU 30.0% 1.3¢ magnum mining and exploration limited

could be one to watch

  1. 1,500 Posts.
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    This one has been a quiet achiever over the past month, up over 50%, be it on small or next to no volume.
    There are 3 things with this stock that I like
    1. Sellers all but gone. Buyer depth looking strong.
    2. Strong management, with cash in the bank. Were the founders of AQP along with many others.
    3. Company announced in quarterly on 31st March that they were viewing resource sector opportunities, and that there was a significant increase quality and quantity, with prices moderating.
    Maybe a while off until something happens, but looks like a promising stock to hold, with strong potential upside if they add a major acquisition, which they have done time after time in the past.

    Noggie
    Read disclaimer below.
 
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Last
1.3¢
Change
0.003(30.0%)
Mkt cap ! $9.712M
Open High Low Value Volume
1.0¢ 1.6¢ 1.0¢ $132.3K 9.980M

Buyers (Bids)

No. Vol. Price($)
1 63889 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 53500 2
View Market Depth
Last trade - 15.55pm 18/11/2024 (20 minute delay) ?
MGU (ASX) Chart
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