MGX may be undervalued but looks like being even more so in the short term. Yesterday's price action broke the short term uptrend from the start of the year. If we don't see a reversal today (and there's nothing to suggest we will) then I suspect we may price in the 18c range again.
Comparatively, GRR seems to be quite steady. However I note that FMG's chart starting to look pretty ugly with a lower high formed by some candles that look full of selling pressure.
Cheers, Sharks.
MGX may be undervalued but looks like being even more so in the...
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 (20min delay)
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Last
30.5¢ |
Change
0.010(3.39%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.5¢ | 29.5¢ | $42.02K | 139.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 104867 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 355340 | 6 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
