Well it certainly is very quiet around here these days! The complete opposite to this time last year I guess when all the hype was around.
The reality is that the risk-reward here has never been better because the chances of a 5-10+ bagger from the sub $10M market cap we now have is much higher.
We have enough cash in the bank for a few more quarters, good tenements being actively explored, acquisition/s imminent as per recent announcements and quality management.
TA wise MEI is basing well in a narrow range and is slowly churning through stale holders. Some accumulation by patient hands has been very evident the past few weeks. The longer this continues the stronger the move upwards will likely be IMO.
The chart says 80% chance of an upside breakout within the next few weeks, likely testing at least the mid 2 cent region or thereabouts.
AIMO + DYOR
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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 |