Hi Gavsy
You have little to worry about with your newly acquired holding in DEG. DEG is included in the GDXJ index in the US and that means that a lot of funds like to hold shares in DEG in their portfolios. The upside of that is that the shares are very liquid and you can sell them easily when you wish to do so. However, the inclusion of the shares in that index now means that the shares are traded by the algorithmic computer trading systems that put out fake bids all of the time to spoof each other and to front run any legitimate trades and shave of a few cents per share if they can. The prices seem to be going up when an institution want to move into a significant holding and we will likely have a bit more of that as we move to the DFS in the middle of the year. When the share price falls it has so far been to a higher high, confirming that we are in a channel going up. There are a series of big announcements coming up this year that could each give the share price a lift so there are solid growth prospects ahead. I personally will be disappointed if the shares are not above $2.00 after the DFS and the resource upgrade that will precede this.
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Last
$1.23 |
Change
0.085(7.42%) |
Mkt cap ! $2.948B |
Open | High | Low | Value | Volume |
$1.20 | $1.23 | $1.19 | $11.98M | 9.913M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 90825 | $1.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.23 | 141096 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12487 | 1.215 |
2 | 13029 | 1.210 |
2 | 13236 | 1.205 |
4 | 22562 | 1.200 |
2 | 38349 | 1.195 |
Price($) | Vol. | No. |
---|---|---|
1.230 | 29430 | 5 |
1.235 | 10000 | 1 |
1.240 | 54259 | 3 |
1.245 | 27487 | 3 |
1.250 | 229734 | 15 |
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