Is it worth it? Looks a little overbought at the moment, RSI > 80, highest in 5 years. Interesting fact, the last time the sp was at this level it sat at 70c 2 weeks later as the IO price collapsed. I don't see the excitement in MGX at this price as production will begin to decline in 12 months, so unless IO prices sky rocket it's an unfavorable risk/reward IMO. MGX do have a lot of cash though. Happy to hold but I wouldn't be buying.
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Last
36.0¢ |
Change
0.005(1.41%) |
Mkt cap ! $435.5M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.0¢ | 35.5¢ | $7.245K | 20.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 593413 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 187379 | 17 |
View Market Depth
| Last trade - 11.46am 31/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |