MLS 4.76% 2.0¢ metals australia ltd

52% share spike prompts asx speeding ticket, page-3

  1. 1,049 Posts.
    lightbulb Created with Sketch. 135
    Finally your little gem of a company gets a bit more attention than deserved in the past and it has held up very well on the ticket.

    Must admit I was left standing in the queque at 2.6c and 2.7c and had to pay up for a few. It was bought up agressively with little volume of sellers.

    Like many now stalking it, I want a dip under 3c to add.

    That recent part issue of shares is bullish too. They could have issued the whole 150m if they wanted to. It possibly indicates the 30m went to an existing holder who doesn't want any more dilution than necessary. It also may indicate a nudge for a higher share price to issue the rest in order to raise more cash. Which would also be a smart move.
    Volume is the key and this dip on stuff all volume is very bullish IMO.
 
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Last
2.0¢
Change
-0.001(4.76%)
Mkt cap ! $14.54M
Open High Low Value Volume
2.1¢ 2.1¢ 2.0¢ $9.817K 486.5K

Buyers (Bids)

No. Vol. Price($)
4 532783 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 689890 2
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Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
MLS (ASX) Chart
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