Understandable for lithium stocks where we have seen a massive drop in spod prices. Ferroniobiums price hasnt changed. We had several falling commodity prices in 2023 yet WA1 continued to fly. I personally think its just part of the usualy cycle this stock goes through, 38% retraces followed by 100% gains. I think the instos took advantage of everyone thinking this climb to $23 would sustain until MRE and they sold out just before. We will reach ATHs again in due course.
But this is just my theory.
I welcome your input still, nice to see other opinions.
Broker Data, page-650
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Last
$15.35 |
Change
0.490(3.30%) |
Mkt cap ! $995.6M | |||
| Open | High | Low | Value | Volume |
| $14.99 | $15.85 | $14.96 | $8.546M | 553.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1896 | $15.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.40 | 2726 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |