As I have said previously, a couple of minor downgrades probably started this which will reverse once brokers increase their nickel forecasts in line with reality.
Broker forecasts for 2007 earnings have actually increased 3% to 82.6 cents in the past week.
A more realistic target for 2007 is now $1.20 to $1.50.
Nothing to worry about.
Regards Eos
taking another beating this morning..., page-4
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Last
$1.97 |
Change
-0.005(0.25%) |
Mkt cap ! $298.2M | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.98 | $1.97 | $283.0K | 143.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 164983 | $1.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 30764 | 3 |
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| MRE (ASX) Chart |