FML 7.14% 15.0¢ focus minerals ltd

In September 2018 FML were trading at 0.16 cents. Apart from a...

  1. 47 Posts.
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    In September 2018 FML were trading at 0.16 cents.
    Apart from a few blips upward there has been no sustained rise in the share price to date. Investors over the past 5 years have been smart buying when the price is below 0.20 cents and selling with a couple of cents gain. Although FML is now in production the share price has not changed. Making a quick buck is keeping the price below it's real value.
    To make my point on the 21-12-21 FML were not in production and the share price was 0.25.5 cents. In the next 10 days it jumped to 0.39 cents a 0.13.5 cent increase with $1,6 million dollars changing hands. In contrast in the last 10 days a dismal $90.000 worth of shares have been traded.
    The top 20 share holders own 80% of the shares which leaves a relatively small amount tradeable in comparision to other mining companies.
    If FML do as they have announced to share holders we may see more substantial buyers attracted, if so the price will jump. We would all love to see FML back in the black with a more sustainable share price.
 
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Last
15.0¢
Change
0.010(7.14%)
Mkt cap ! $42.98M
Open High Low Value Volume
15.0¢ 15.0¢ 15.0¢ $11.12K 74.16K

Buyers (Bids)

No. Vol. Price($)
1 9711 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 4618 1
View Market Depth
Last trade - 12.59pm 21/06/2024 (20 minute delay) ?
FML (ASX) Chart
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