Over $60m of stock required to cover shorts and shorting recently a lower proportion of daily volume. Inflection point coming where concerns over company cash drain will recede and the focus will turn to long term potential, at which point there will be a scramble to buy stock. Same story as with Lynas. Doubled in a very short time once concerns over cash drain receded. A couple of announcements on off-takes and the shorters will be covering in the $1.20's and above very quickly
the buy zone, page-243
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Last
22.0¢ |
Change
-0.010(4.35%) |
Mkt cap ! $232.8M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.5¢ | 21.8¢ | $592.6K | 2.639M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 40540 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 132427 | 6 |
View Market Depth
| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| SYR (ASX) Chart |
