The market definitely overreacted to Cleanteq's announcement last week about their entry into the uranium market.
The shares jumped 20% on the back of the news, however the announcement itself wasn't that flash! There is no money involved, no contracts, just that the company is going to get involved in this area.
No wonder the SP is starting to drop off again, i wouldn't be surprised if it's back down at 32c again by the end of the week.
Might be worth selling out while you can, 37c looks a good price!
previous announcement nothing special
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Last
47.0¢ |
Change
-0.060(11.3%) |
Mkt cap ! $42.40M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 53.0¢ | 45.5¢ | $50.14K | 102.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1285 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 9463 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| SRL (ASX) Chart |