Is it worth it? Looks a little overbought at the moment, RSI > 80, highest in 5 years. Interesting fact, the last time the sp was at this level it sat at 70c 2 weeks later as the IO price collapsed. I don't see the excitement in MGX at this price as production will begin to decline in 12 months, so unless IO prices sky rocket it's an unfavorable risk/reward IMO. MGX do have a lot of cash though. Happy to hold but I wouldn't be buying.
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Last
32.0¢ |
Change
-0.005(1.54%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 32.0¢ | $282.5K | 869.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 247847 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 35276 | 4 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |