I don't think BRN will succeed long term. But I would never take out a short on BRN either.
As we saw in 2020 and 2021 BRN's stock was subjected to 'irrational exuberance'. Stocks that have a heavy retail following (such as BRN: there are no cornerstone instos) can be particularly prone to this.
This irrational buying can lead to wild price pumps and dumps: some will take profit, some will buy in on hype and be left holding their bags.
I saw an opportunity for a trade in BRN once (got out with profit), but there are too many unknowns currently to see it as any more than a risky gamble. If significant deals are made and revenue received, I will reevaluate my position.
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $375.8M |
Open | High | Low | Value | Volume |
20.0¢ | 20.5¢ | 20.0¢ | $549.0K | 2.707M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
55 | 1514941 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 234599 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
53 | 1509871 | 0.195 |
57 | 1565419 | 0.190 |
32 | 1383131 | 0.185 |
52 | 1546743 | 0.180 |
17 | 632162 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 234968 | 12 |
0.205 | 184068 | 8 |
0.210 | 1308651 | 24 |
0.215 | 482039 | 22 |
0.220 | 710461 | 24 |
Last trade - 11.01am 15/07/2024 (20 minute delay) ? |
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BRN (ASX) Chart |