It looks like we will have another week of the end of FY sale for tax purposes. More funds might sell IGO shares to claim a tax loss. IGO's share price would stabilise in July if this is the case. I am keen to see the short sale figure for last Friday to know how active the shorts were in driving the share price down last Friday. The big number of shares swapped in after-hours trade on Friday was at the highest share price (5.58) for the afternoon after IGO reached the low of 5.43 around midday of Friday. Perhaps, Monday might see the price going up for a change. Just this month alone, IGO's share price dropped over 20%!
The long must be patient and hold or add exposure very slowly while the market will sort out the demand and supply for green metals.
Looking for the bottom, page-37
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Last
$5.93 |
Change
0.040(0.68%) |
Mkt cap ! $4.490B | |||
| Open | High | Low | Value | Volume |
| $5.87 | $6.02 | $5.84 | $17.01M | 2.867M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 7303 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.94 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| IGO (ASX) Chart |