No, I completely disagree with regards to how quickly it can jump to 20c+.
The sellers are constantly outweighing the buyers.
There’s pretty much no more news on the horizon (unless I’m forgetting any) that could attract that type of buying.
And then of course, add in the mass amount of shares from the CR...you’re not going to see this get above 16c-16.5c for some time, if ever, IMO.
I’m personally now looking to bail completely without decimating the SP.
Ann: Fenix executes Binding Offtake Terms Sheet with Sinosteel, page-8
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Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $352.2K | 1.304M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 342515 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 89917 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |