The US premarket is showing fairly big percentage gains whether that translates to big gains for this stock is yet to be seen. Iron ore prices will be a big factor as well. Before its crash in July 2021 it would just touch support of 60c then quickly bounce back up. It was getting close recently at 56c then retraced today to 50c. They have hinted at ramped up production in the next 12 months. Positive guidance then up it goes.
Iron Ore bouncing hard., page-31
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Last
33.5¢ |
Change
-0.025(6.94%) |
Mkt cap ! $408.1M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 35.5¢ | 33.0¢ | $446.1K | 1.332M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93808 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 53671 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |