The rise of a commodities price first and formost always fuels SP gains in large cap producer's as they immediately benefit in their bottom line. Once large caps reach full value or overvalued market participants look elsewhere for value mid cap produces etc and lastly the explorers and developers.
It is also worth noting that copper has decoupled form the normal finacial cycle and their is still uncertainty arround if this will be the true breakout moment as the market has been primmed for sometime with the current thermatic of coming demand and supply shortages but until recently was range bound in the $3.5 to $3.9 US per pound.
Since the Cu price rise there is still uncertainties around Fed rate cuts and inflation numbers with most analysts starting to question if there will be any rate cuts this year.
Add in more uncertainty around Middle East and things are not moving as normal.
The rise of a commodities price first and formost always fuels...
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Last
$1.05 |
Change
-0.020(1.87%) |
Mkt cap ! $151.5M | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.07 | $1.04 | $878.8K | 838.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 66159 | $1.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 42909 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$1.06 |
Change
-0.020 ( 1.61 %) |
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| Open | High | Low | Volume | ||
| $1.06 | $1.07 | $1.04 | 145732 | ||
| Last updated 15.49pm 10/05/2024 ? | |||||
| HCH (ASX) Chart |