Weekly chart looking positive. Nice bounce off $4.50 and back above the 2008 peak downtrend line. Bit of a battle going on around this line, but a move above $5.23 brings in the may 2015 high target of $6.23.
Nickel, copper, cobalt & gold prices all looking constructive. IGO will be in a very strong position in 12 months time, with high free cash flow, low debt and an aggressive exploration campaign on the go.
Shorts are still high, but off their peak, a considered move to cover could see the SP go much higher medium term. Most large funds are still underweight in the resources sector.
Weekly chart looking positive. Nice bounce off $4.50 and back...
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Last
$7.87 |
Change
0.010(0.13%) |
Mkt cap ! $5.959B | |||
| Open | High | Low | Value | Volume |
| $7.84 | $8.01 | $7.81 | $24.45M | 3.095M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2937 | $7.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.88 | 30456 | 3 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$7.84 |
Change
0.010 ( 0.09 %) |
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| Open | High | Low | Volume | ||
| $7.86 | $8.01 | $7.82 | 308227 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| IGO (ASX) Chart |