Some very good results recently making me feel that it's business as usual for this company. To rationalise the recent price slide from around $5.88 to $4.36 (a healthy 25% pullback), I think there has been 3 factors triggering this
(1) Short term profit taking from the large bullish/momentum move from $3.00 to $5.88 earlier this calendar year which with hindsight could not be maintained without a correction.
(2) Some recovery in the major stocks such as BHP, NAB etc resulting in some funds moving from gold stock to these major stocks. I do however think the moves in BHP, NAB will be relatively short lived.
(3) Price of Gold losing it's momentum and trading now in a tight range, although still at a healthy AUD$1,750oz so in theory should not be a key factor to NST's correction.
The current price of $4.36 I feel is much more sustainable price level where the next leg up can be developed from this level.
My 2 cents for the day !!!
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Last
$14.39 |
Change
0.140(0.98%) |
Mkt cap ! $16.54B |
Open | High | Low | Value | Volume |
$14.30 | $14.43 | $14.26 | $44.21M | 3.084M |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 10808 | $14.36 |
Sellers (Offers)
Price($) | Vol. | No. |
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$14.39 | 14883 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 10808 | 14.360 |
3 | 12737 | 14.350 |
2 | 32349 | 14.330 |
2 | 14292 | 14.320 |
1 | 4556 | 14.310 |
Price($) | Vol. | No. |
---|---|---|
14.390 | 3500 | 1 |
14.400 | 1989 | 1 |
14.410 | 16333 | 2 |
14.420 | 13250 | 2 |
14.430 | 105 | 1 |
Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$14.40 |
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Change
0.140 ( 1.17 %) |
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Open | High | Low | Volume | ||
$14.30 | $14.43 | $14.26 | 385272 | ||
Last updated 15.59pm 04/06/2024 ? |
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