The stock price has not dropped necessarily because of bad news. It has been selling across the board since the announcement by Lynas on the prices achieved causing revenue to fall significantly. Further, the neodymium broke the 56 k established from mid last year and is currently sitting on 50k with next support at 46 k. This are levels going back to 2021. Now as supports get broken, the market respond by selling down and exiting positions. Mei has has found support at the 19 c level before even at the nd price being in the mid 50k. The market just got spooked by Lynas not factoring in it was exacerbated with the low quality feed. A good announcement will take this to mid 20s. Until we see a nice shift in the nd price, I think Mei and Vmm will hover at these points.
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Last
9.7¢ |
Change
-0.001(1.02%) |
Mkt cap ! $222.9M |
Open | High | Low | Value | Volume |
9.9¢ | 10.3¢ | 9.4¢ | $804.8K | 8.226M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 61698 | 9.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.8¢ | 25643 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 61698 | 0.097 |
1 | 250000 | 0.095 |
3 | 328700 | 0.094 |
6 | 697752 | 0.093 |
4 | 174702 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 6000 | 1 |
0.105 | 1384097 | 16 |
0.110 | 916514 | 13 |
0.115 | 1360654 | 6 |
0.120 | 242000 | 5 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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