Well, I'm impressed! After technically breaking down through two power uptrends, LGL took off again! That shows it's inherent strength (or, rather, shows the inherent strength of its underlying product, as the gold price keeps going up).
Notice how volume has been declining as the price has been increasing? IMO, that shows that the sp increase is all about the gold price, not anything especially compelling in the LGL story at this stage.
Over time, I expect that people will start looking around for the world's leading gold miners. In terms of reserves, production volume, no hedging and costs of production, LGL is right up there.
impressive
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Last
$1.53 |
Change
0.000(0.00%) |
Mkt cap ! $186.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 385 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.54 | 45 | 1 |
View Market Depth
| Last trade - 16.12pm 03/05/2024 (20 minute delay) ? |
| LGL (ASX) Chart |
Day chart unavailable