ALB 0.00% 5.7¢ albion resources limited

albidon up

  1. RKS
    573 Posts.
    Albidon is up just under 6% today on light trading: 287,000 shares with a value of $50,725.

    Nickel ended up at $4.8376/lb which is 4% up on its last close. Nickel appears set to return to above $5/lb this week. Nickel stocks at the LME have remained flat for the last 14 trading sessions (the whole of January).

    The Australian dollar is currently at 67.9c US, the All Ords at +0.81%.

    Buy-Sell ratio in the Albidon depth is currently 3.33 in favour of buy, so I expect a modest rise for the day, in the order of 10%.

    There is currently no bid or offer at 17.5c which is a worry. Last traded at 18c, my guess is that it will end up at 18.5c today.

    Robert
 
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