it's pretty obvious why your Revenue Vs Share price chart isn't making sense. Very low prices destroy the oversupply narrative as mines won't operate at a loss even if there's unlimited demand at that loss making price. So either, prices go up a lot or supply will not be more than demand as some point in the near future and then price will rise without a supply response that's fast enough to meet it.
Think coal going to $400+ after a total collapse in that market and everyone thinking coal was dead.
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Last
$2.98 |
Change
-0.005(0.17%) |
Mkt cap ! $8.972B |
Open | High | Low | Value | Volume |
$2.95 | $3.03 | $2.93 | $31.90M | 10.69M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
67 | 267111 | $2.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.98 | 108741 | 54 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
66 | 267160 | 2.970 |
31 | 317146 | 2.960 |
24 | 137419 | 2.950 |
18 | 133839 | 2.940 |
17 | 338515 | 2.930 |
Price($) | Vol. | No. |
---|---|---|
2.980 | 112801 | 54 |
2.990 | 245981 | 30 |
3.000 | 311369 | 30 |
3.010 | 198635 | 22 |
3.020 | 309874 | 32 |
Last trade - 15.12pm 26/08/2024 (20 minute delay) ? |
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PLS (ASX) Chart |