My theory is that it will bounce back off around 75 cents.
this is 50% retracement of the run we had from 30 cents up to just under 1.20. I did buy MRE last week and am surprised at the weakness it's showing, but I think it'll turn around soon.
I got out of FMG recently and it was the same with FMG. Unexplained weakness for a long time and suddenly starts shooting up. I'm hoping for the same thing with MRE. That being said, I think it really is a good buy at the moment.
cash increase by 47 million, page-28
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Last
$1.99 |
Change
0.000(0.00%) |
Mkt cap ! $301.3M | |||
| Open | High | Low | Value | Volume |
| $1.99 | $1.99 | $1.99 | $656.0K | 329.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 46490 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.99 | 87953 | 6 |
View Market Depth
| Last trade - 15.58pm 07/11/2024 (20 minute delay) ? |
| MRE (ASX) Chart |