Hi Auto, yes taking a step back and looking at the longer term view of the chart it can be described as ranging as you suggest. The recent advance affecting MGX and other IO producers now appears like it was driven by IO price speculation and that is easing, so the underlying fundamentals for MGX will be the company-specific news events already discussed. Happy to wait, & if price moves lower I will add to my position.
Cheers, Sharks.
under valued, page-125
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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 |
