LYSCF at $US0.60 converts to $A0.575. This was the last price prior to the auction when the funds balancing pushed it up to $A0.60.
The US close is basically what we 'should' have closed at on Friday, nothing unusual there.
I'd expect a lack of support over the next 2-4 weeks while volumes are low in general particularly if the US 'Fiscal cliff' scenarios play out badly. Maybe $0.47 does get hit.
This time last year we had a high in Dec of $1.37 moving DOWN to $1.03 over the Dec. period.
However 2010 Dec showed a low of $1.45 and moving UP to $2.05 over the same period.
With no external shocks it's possible the price moves up but unlikely without serious buying pressure coming in.
Over $1, they were the good old days!!
descending triangle target 29.5c, page-7
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Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |