Hard to tell. The expected increase from shorts covering doesn’t seem to be unfolding. Both the number of outstanding shorts and share price are both declining.
I’ve traded this a few times and last sold a large parcel at an average of 67.5c. Been tempted to re-enter ever since but nothing seems positive on the graphite front.
When will the rot stop?? It’s anyone’s guess however the more the SP declines, the closer to the bottom it is.
General Discussion, page-1553
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Last
25.5¢ |
Change
-0.010(3.77%) |
Mkt cap ! $263.8M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 25.3¢ | $724.5K | 2.822M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 120089 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 146204 | 5 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| SYR (ASX) Chart |