The catalyst for MYGs run is the fact that gold stocks have underperformed gold. The collapse in gold didn't occur, and if it was to occur it would have happened during the seasonally bad time of year for gold being March to July. Gold now looks very bullish, more importantly the gold stocks that have underperformed gold the last 2years look more bullish. So gold stocks are making a major move, the sector that will normally move last but to a greater extent are the juniors. Go looking for value re market cap in junior sphere, and MYG stands out. I believe this has been reason for run, and is the reason I have taken a large position since 8.2c . An announcement may occur, but run does not appear to be based on an info leak at MYG re: upcomin announcement.
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Last
73.0¢ |
Change
0.010(1.39%) |
Mkt cap ! $66.77M |
Open | High | Low | Value | Volume |
73.0¢ | 73.0¢ | 73.0¢ | $1.57K | 2.15K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4674 | 73.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
77.0¢ | 6719 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4674 | 0.735 |
1 | 5000 | 0.730 |
1 | 10000 | 0.725 |
1 | 8700 | 0.695 |
1 | 2065 | 0.685 |
Price($) | Vol. | No. |
---|---|---|
0.770 | 6719 | 2 |
0.775 | 2452 | 1 |
0.790 | 5567 | 1 |
0.800 | 6061 | 1 |
0.845 | 1129 | 1 |
Last trade - 10.45am 15/07/2024 (20 minute delay) ? |
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MYG (ASX) Chart |