Good post yellowcake....I can't believe the SP reaction to the trading update and your post highlights the short term nature of the trading issue.
Let's look at it this way - we have just had two of the largest trading days in the history of NUF...14m shares traded or circa 7% of issued shares...given the Top 10 shareholders account for a lot of the stock and probably wouldn't be selling this makes up a massive amount of the balance. The fact that the SP has only had a range of circa $1.50 whilst absorbing those transaction volumes must be a massive positive. Just look at the charts when the price has moved $3-4 and it has been on much less trading volumes. I think this is a very healthy sign and the SP should bounce back quickly once people have moved on from a very short term focus ahead of financial year end.
Thoughts?
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Good post yellowcake....I can't believe the SP reaction to the...
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Last
$3.97 |
Change
0.020(0.51%) |
Mkt cap ! $1.517B |
Open | High | Low | Value | Volume |
$3.97 | $4.05 | $3.95 | $4.034M | 1.009M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5317 | $3.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.97 | 2516 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5317 | 3.960 |
4 | 9907 | 3.950 |
3 | 16075 | 3.940 |
2 | 5040 | 3.930 |
2 | 3643 | 3.920 |
Price($) | Vol. | No. |
---|---|---|
3.970 | 2516 | 1 |
3.990 | 5317 | 1 |
4.000 | 8847 | 3 |
4.010 | 5317 | 1 |
4.020 | 1060 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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NUF (ASX) Chart |