I was going to highlight this comparison as well. These two are both respective market leaders and have virtually mirrored each other over the last 6 months.
OML - Feb 2.6, Apr 0.7, Jun/Jul peak 1.22, at 0.8 at the start of this week.
IGL - Feb 2.2, Apr 0.5, Jun/Jul peak 1.27, at 0.65 at the start of this week
Both obviously hit relatively hard in this environment but no where near proportional to the SP hit they've taken. Even off the back of an arguably poor FY result at OML yesterday, it is up almost 20%. Considering OML's capital raising, I don't see why IGL can't get back to near their post-March peak.
*Obviously very different circumstances and different companies so who knows, but plenty of similarities to draw.
I was going to highlight this comparison as well. These two are...
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Last
$1.98 |
Change
0.090(4.77%) |
Mkt cap ! $304.1M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.98 | $1.89 | $876.6K | 454.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39879 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 1908 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IGL (ASX) Chart |