Reaction to the $2.38 area is key, so far its bounced off $2.4 so short term uptrend still intact. We know instos have been accumulating and the latest 2.7M share parcel had been purchased at an average of $2.5 so I doubt they will let this sink any lower. Most likely just absorbing the supply resulting from ~1M shares coming off escrow, a supply that is almost gone, as volume has been decreasing.
FA wise a PE in the low 20s is undemanding for the 25-30% growth expected. The FY report will set the tone for the medium term trend.
MVF chart, page-2
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Last
$1.12 |
Change
0.005(0.45%) |
Mkt cap ! $465.6M | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.11 | $836.4K | 747.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 551 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 49618 | 5 |
View Market Depth
| Last trade - 13.59pm 19/11/2024 (20 minute delay) ? |
| MVF (ASX) Chart |
