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.
1.00
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Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $516.3M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 43.0¢ | 41.0¢ | $564.4K | 1.342M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 124914 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 28018 | 2 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
42.0¢ |
Change
0.005 ( 1.18 %) |
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| Open | High | Low | Volume | ||
| 41.5¢ | 43.0¢ | 41.5¢ | 200267 | ||
| Last updated 15.59pm 03/06/2024 ? | |||||
| MGX (ASX) Chart |