Today's trading is literally the text book definition of a fending frenzy. Buying was insatiable, everything that got put on offer was taken. Put a smile on my face for sure.
So today was the highest volume trading all year since... 24th May... when DEV got a speeding ticket and DEV's response was...
"Caspin Resources Limited (ASX:CPN) (Caspin) announced on 24 May 2021 that it had encountered multiple sulphide zones at its Yarawindah Brook Ni-Cu-PGE Project. DevEx’s Ni-Cu-PGE Sovereign Project is immediately south of Caspin’s Yarawindah Brook Project and north of Chalice Mining Limited’s (ASX: CHN) Julimar Project (refer to attached Figure 1). Regional magnetics shows an interpreted trend of mafic-ultramafic intrusive rocks extending through all three projects."
So CPN's sexy core pics released on 24th May drove DEV's SP from a low of 28c to an intra-day high of 44.5c, finally closing up a lazy 46%. It was also a buying frenzy.
And here we are today... identical trading pattern... just that we have been rising relentlessly since our own release last Wed 10th Nov. Up 14% on Wed, up 19% on Fri and up 22% today.. for a cumulative 60% increase since Sovereign Hill news dropped. Our chart looks almost vertical...
Perhaps @kyngdominion can confirm with the charting but I imagine 65c is not far off... which will be a $200m MC for lil ol' DEV. Some may say how is that supported... well I believe $200m MC will be blown away and be a distant memory when the next piece of juicy news confirms how good this Julimar trend is.
GLTA and go DEV
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Last
31.5¢ |
Change
0.015(5.00%) |
Mkt cap ! $138.9M |
Open | High | Low | Value | Volume |
29.5¢ | 31.5¢ | 29.5¢ | $197.1K | 645.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 31642 | 31.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.5¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 78836 | 0.305 |
3 | 37172 | 0.300 |
2 | 83598 | 0.295 |
4 | 75690 | 0.290 |
2 | 150000 | 0.285 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 20000 | 1 |
0.330 | 53041 | 2 |
0.345 | 20000 | 1 |
0.355 | 28204 | 1 |
0.365 | 67169 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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