IMO we had a needed pull back, and while there is little supply (look at that gappy sell stack) the demand has also been holding waiting on whether there might be a CR
However they don't need more cash until Q3-4 and in the meantime have expected strong drilling results, mets and an MRE to release so of course can hold off to raise much higher with firm numbers for investors - also can get a cash topup from options conversion, though a large proportion of those are going to sticky hands.
IMO yesterday we confirmed the turn following gap fill and should see a continuation back toward $2 next week leading into results
technical indicators (RSI MACD Stochs) also turned up
Bearing in mind that MEI doubled in the 6 weeks leading into their MRE, and at a much a highr market cap than we are too, then took off shortly after to where they are now. The big % gains were in the lead up though.
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68.0¢ |
Change
0.020(3.03%) |
Mkt cap ! $44.82M |
Open | High | Low | Value | Volume |
67.0¢ | 68.0¢ | 66.0¢ | $9.177K | 13.63K |
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No. | Vol. | Price($) |
---|---|---|
1 | 8660 | 68.0¢ |
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Price($) | Vol. | No. |
---|---|---|
70.0¢ | 3000 | 1 |
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No. | Vol. | Price($) |
---|---|---|
1 | 8660 | 0.680 |
1 | 12060 | 0.675 |
1 | 1538 | 0.650 |
2 | 40000 | 0.635 |
1 | 5000 | 0.620 |
Price($) | Vol. | No. |
---|---|---|
0.700 | 3000 | 1 |
0.720 | 10500 | 1 |
0.780 | 17500 | 2 |
0.805 | 18609 | 1 |
0.850 | 5057 | 2 |
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