While I believe there is big potential reward here, it all depends on the market and commodity price. A weak commodity price can put a lid on the sp, hence why MEI has been hovering around in the low 20s for a while, next MRE upgrade for them may fix that. I believe a $3 upwards to a $5 target for this year is realistic for now though.
MRE On Track For Q224 - Offtakes In Discussion, page-17
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 (20min delay)
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Last
$1.11 |
Change
-0.075(6.33%) |
Mkt cap ! $70.76M | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.17 | $1.11 | $858.3K | 752.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 3867 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.12 |
Change
-0.075 ( 6.28 %) |
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| Open | High | Low | Volume | ||
| $1.12 | $1.17 | $1.11 | 155667 | ||
| Last updated 15.58pm 14/06/2024 ? | |||||
| VMM (ASX) Chart |