What an interesting day of trading for Vulcan. After some moderate gains over the past couple of weeks we were knocking on the door again at the $2.60 to $2.70 resistance point. While most of the other key lithium stocks gained in the morning, Vulcan dropped to $2.50 before climbing through the day and then punching through to a high of $2.87 - an internal rise of 14.8% - before closing at $2.82.
Consensus has been VUL was/is undervalued so possibly some new investors coming in to take a position before more confirmation that the technology & installations will perform as expected. The general outlook for most lithium stocks has improved.
Nearly a 4:1 ratio of buyers to sellers also indicates greater confidence in Vulcan and the general promise of A-DLE.
The recent lows being revisited were excellent opportunities to top up. We bought in to the maximum limits of our super allocations.
2024 could be a good one for long term holders.
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Last
$3.72 |
Change
-0.040(1.06%) |
Mkt cap ! $700.0M |
Open | High | Low | Value | Volume |
$3.80 | $3.80 | $3.65 | $1.059M | 284.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 25138 | $3.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.72 | 340 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 25138 | 3.700 |
1 | 190 | 3.670 |
3 | 20000 | 3.660 |
3 | 5364 | 3.650 |
1 | 1828 | 3.640 |
Price($) | Vol. | No. |
---|---|---|
3.720 | 340 | 1 |
3.740 | 3333 | 1 |
3.760 | 1000 | 1 |
3.770 | 3333 | 1 |
3.780 | 1877 | 2 |
Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
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VUL (ASX) Chart |
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