Personally, I think that the day traders are just punting on the trend and the leverage available in a penny stock. I doubt there is a reliable valuation available yet but it sure added some excitement to the market today.
MNR will have equal leverage to the discovery as they have fewer issued shares but have a higher entry price. Interesting though, if the figures used to value EBR are correct then MNR's share of the action is $750m. With an issued capital of some 30m shares, this values MNR at $25.00 per share plus.
I wonder why they only moved up 10 cents.
Any thoughts?
Regards M.
trading halt, page-21
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Last
$1.15 |
Change
0.045(4.07%) |
Mkt cap ! $354.3M | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.10 | $162.8K | 143.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4629 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 22887 | 2 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| EBR (ASX) Chart |