Someone is trying to accumulate, there was a buyer at 34.5c on Thursday/ Friday, trying to snap up every seller, until someone came along and pushed it to 38. Shortly after there were buyers lined up at 37, 36 etc.
At ~$33m market cap, this stock is a pretty cheap way to get some exposure to a good quality coal asset.
Another plus is the capital structure - only 83m shares on issue with 50% or so held by top 20 shareholders (as at last year, may have been some movement since then but will have to wait for the accounts to come out).
I believe this can run up pretty quickly on some good news.
As always, DYOR.
Interesting, page-6
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Last
50.0¢ |
Change
0.060(13.6%) |
Mkt cap ! $20.85M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 50.0¢ | 42.5¢ | $112.5K | 243.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10648 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 18235 | 1 |
View Market Depth
| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| AYA (ASX) Chart |
