To be fair, hardly any volume has been going through. Average daily volume through ASX this past month has been a measly 147k. OZM is highly illiquid with a wide buy/sell spread. So even if you wanted to exit with say a standard 100k parcel, you really can't without sending the price down at least 20%. Currently, the bottom seems to be in at about 0.04 and it has trouble staying over 0.06. So if we ever get upside, resistance I see is at 0.06, 0.08 and 0.10. Hopefully if we ever get back over 0.10, I'm sure the traders will then run it back up to 0.20 like last time. I can't see it staying at or getting over 0.20 without a positive market release of substance. In this market environment, for an explorer to hold a $40-$50m market cap, it really needs to be along the way to decent discovery.
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To be fair, hardly any volume has been going through. Average...
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Last
5.3¢ |
Change
-0.004(7.02%) |
Mkt cap ! $8.413M |
Open | High | Low | Value | Volume |
5.3¢ | 5.3¢ | 5.3¢ | $1.219K | 23K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.8¢ | 27470 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.050 |
3 | 141100 | 0.046 |
1 | 222222 | 0.045 |
2 | 127000 | 0.042 |
2 | 525000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.068 | 27470 | 1 |
0.070 | 110000 | 2 |
0.072 | 27900 | 1 |
0.074 | 144294 | 1 |
0.089 | 35000 | 1 |
Last trade - 14.53pm 10/07/2024 (20 minute delay) ? |
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OZM (ASX) Chart |
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