My take on the trading action.
The bounce off 14-15c was overdue and expected; Friday was pretty quiet as it was the T+1 after the run to 17c; early next week I'm expecting the next leg up to 20-21c, maybe then a dip to 18c to form the handle, before it really goes.
Into December, pretty easy for me to see this trading somewhere around the range of 28-33c. With the drill results, I'm expecting this will spike and spike hard - maybe 40-60c range.
Pre production - my price target is still up around $350-500m MC - which equates to a SP of between 80c to $1.20.
With a solid base now around 14-15c, no a lot of downside risk for me atm and not something you're going to find with the frothy uranium or lithium plays.
My take on the trading action.The bounce off 14-15c was overdue...
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Last
2.2¢ |
Change
-0.002(8.33%) |
Mkt cap ! $18.19M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.2¢ | $13.13K | 591.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 492793 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1250000 | 3 |
View Market Depth
| Last trade - 15.58pm 07/05/2024 (20 minute delay) ? |
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Last
2.2¢ |
Change
-0.002 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 2.2¢ | 2.2¢ | 2.2¢ | 170144 | ||
| Last updated 15.58pm 07/05/2024 ? | |||||
| SHP (ASX) Chart |