More a case of "risk-off" in the small-cap resource stocks at the moment, particularly those with a very unclear or distant path to development.
Realistically, what could MAK achieve in the next 3 - 6 months to justify holding during a fairly frothy time in the market?
Every stock has its potential, but on an objective risk-reward basis, the market is speaking. Not just MAK, have a look at the rest of the junior resource part of town. Many, like RUM, are setting new 52wk lows . . . the market is saying, we want more than a story to stay invested.
Just observing from my perch.
buyback, page-13
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $27.04M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $15.91K | 1.496M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 5400667 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 306145 | 2 |
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| Last trade - 15.52pm 07/10/2024 (20 minute delay) ? |
| AEV (ASX) Chart |