I suspect MGX' SP weakness is purely on the back of ambiguity about where the company is headed. Management have stated they are looking for something out of IO, but that was some time ago. Since then, nothing. You would've thought the current environment would have been a jello bath for anyone with as much cash as MGX has. Until some real direction is shown I think this stock will wallow (to keep the bath theme going!) Their IO is OK in a strong market, but marginal and volume limited in this market.
under valued, page-133
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Last
31.5¢ |
Change
0.010(3.28%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.5¢ | 30.0¢ | $296.8K | 964.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 101000 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 242807 | 6 |
View Market Depth
| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
