It's up for two reasons:
1) Because of US employment data on Friday, which caused a depreciation in the USD, and conversely a bump up in both PM and risk-on sentiment.
2) Because of the imminent news flow. Those that have been a holder of junior producers/explorers are aware that price movement is often very dependent on upcoming news flow, which BML has a significant amount of over the next 1-2 months. Where there is minimal expected news flow, share prices will often stagnate/depreciate. Add on top of this, the extreme undervaluation of BML and the thin liquidity on the sell side, this move was fairly expected.
BML Chart, page-1104
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Last
9.9¢ |
Change
-0.001(1.00%) |
Mkt cap ! $23.10M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.5¢ | $85.38K | 855.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 207379 | 9.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 41731 | 3 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| BML (ASX) Chart |