IMO today Tuesday the 10th will be a very interesting day.
We have seen nearly a 100% increase in SP over the last 2 days rising from 2.8 to 5.5 with no release from the company.
Many of the day traders that jumped on board will be looking to cash in for a pretty good return today which should see an increase in selling pressure.
If somebody keeps buying a lot more today it seems reasonable to conclude that something pretty big is brewing and somebody out there has pretty solid information as to what. Greed usually stops a pump and dump getting too up from a 100% increase in 2 days.
If you review the financials I personally don't think one OTT contract as per the MOU should be seeing a very large SP from this a point of 5.6. It would still leave the cash burn issue in play. To me a very sharp spike from today would mean a big fish has taken a liking to NOR as is to keen to maximise it's holding in this little gem.
So either the news is better than the original terms suggested in the first MOU ( such as some sort of cash advance sweetner etc ) or could the herd really be jumping on board from this point because it made Hot copper's most improved player list.
Thoughts brains trust ?
Agree ? Disagree ?
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Last
3.2¢ |
Change
-0.002(5.88%) |
Mkt cap ! $15.20M |
Open | High | Low | Value | Volume |
3.3¢ | 3.3¢ | 3.2¢ | $3.956K | 122.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 215000 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 215000 | 0.030 |
2 | 100000 | 0.029 |
3 | 777000 | 0.027 |
3 | 750000 | 0.025 |
1 | 1875000 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 30000 | 1 |
0.040 | 100000 | 1 |
0.041 | 123849 | 1 |
0.044 | 120200 | 4 |
0.046 | 21759 | 1 |
Last trade - 11.01am 11/09/2024 (20 minute delay) ? |
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