good you mentioned RDN and see how quickly it fell from highs of 8 or 9c down to 2c not long back. prob one of most riskiest stock on ASX.
there are several examples where stock rerated on visuals or just pegmatities ODE, RR1, VSR, ZEU and look at them trading at new lows.
at end of day each one to their own strategy but there are plenty of stocks that are actually drilling or have defined resources and valued at EV of 9M$ or less.
SUM next WA1, page-1254
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Last
21.5¢ |
Change
-0.030(12.2%) |
Mkt cap ! $17.64M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.0¢ | 21.5¢ | $255.6K | 1.113M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 198547 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 35000 | 1 |
View Market Depth
| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| SUM (ASX) Chart |