Unless positive ann comes out prior, Imo there will be a bump in morning trade (news and recommendations eg morningstar). People will take some profits on the basis that a) they made a mistake buying too high or b) better something than negative. Retrace downwards tomorrow to around 7.5-8 on close - too much buzz for it to be too severe. Thursday or Friday we should see some stability and a bump upwards.
Anns have generally been released wed to fri historically which doesnt mean much but would think mxc would be asking for progress quite vigorously.
I don't see it as doom and gloom.
Most of Q2 announcements are priced in imo so I'm not a big believer in a 20c boom but happy to stand corrected (unhappy because I'm out for the moment).
Anything negative in the anns however might have a greater importance - further trials required, production delayed, no licence or it remains pending.
At higher prices i think part of the licence is speculatively priced in - keeping in mind it's a trial and a chance to be a contender, not a permanent supply contract ... not to detract that this would still be a positive announcement.
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Last
30.5¢ |
Change
-0.025(7.58%) |
Mkt cap ! $14.76M |
Open | High | Low | Value | Volume |
30.0¢ | 30.5¢ | 30.0¢ | $1.48K | 4.929K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 823 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 0.260 |
1 | 20000 | 0.250 |
1 | 2200 | 0.230 |
1 | 14600 | 0.205 |
1 | 5405 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 823 | 3 |
0.345 | 390 | 2 |
0.350 | 8433 | 1 |
0.355 | 5000 | 1 |
0.370 | 2000 | 1 |
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