A lot of selling the past few days but nonetheless a pullback was much needed after its sustained run these past two months.
- Biggest and most obvious selling can be attributed to tax time selling and people locking in capital gains before the EOFY.
- Placement shares as well as shares acquired by the Brazilian vendor has come online recently following the purchase of the tenements.
Past four days has likely flushed most of the shares from the above out ( but can't be certain ).
News to come most likely in the following weeks given the most recent announcement from the SUM regarding ASX's price query.
It is trading around levels of when the first assay of Niobium rock chips were announced, for me given the RvR I'd consider mid to high 30s to be a good entry, but nothing is a sure thing, but seems like buyers may be waiting on sidelines - as seen afterhours with a $380k purchase linewiping 35- 38c
A lot of selling the past few days but nonetheless a pullback...
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Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $21.75M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 28.5¢ | 26.5¢ | $256.6K | 931.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14431 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 15634 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| SUM (ASX) Chart |