Recession. The primary use for nickel is in stainless steel and other alloys. That includes machinery, medical equipment, engines, domestic products. Recession hits nickel hard. EU is 100% going into recession, the USA is very likely to. I think it will be short/sharp, but nickel will tumble in the short term.
IMO NIC share might head back towards 50 cents in the short term (12-18 months). Not trying to fearmonger, just my opinion. That is the key driver of the poor share performance recently. It's still a good long hold at this price imo, hence the buy rating,
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Last
96.5¢ |
Change
0.005(0.52%) |
Mkt cap ! $4.171B |
Open | High | Low | Value | Volume |
96.0¢ | 97.5¢ | 96.0¢ | $1.925M | 1.994M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 143878 | 96.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
97.0¢ | 47805 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
30 | 156960 | 0.965 |
22 | 233782 | 0.960 |
12 | 122339 | 0.955 |
9 | 100011 | 0.950 |
7 | 121940 | 0.945 |
Price($) | Vol. | No. |
---|---|---|
0.970 | 48053 | 22 |
0.975 | 183025 | 20 |
0.980 | 601283 | 23 |
0.985 | 69827 | 11 |
0.990 | 283860 | 20 |
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