BUR 11.1% 15.0¢ burley minerals ltd

strange stock

  1. 215 Posts.
    lightbulb Created with Sketch. 76
    Hi everyone

    I have held burl for quite a while now, and cannot fathom why they trade so low.
    Watching the depth on Commsec you can see a large order at 15.5 and on the sell side it is quite heavy just above the trade.

    Why!!!

    They are earning good cash already, they are about to bring on stream a very lucrative earner and they are busy drilling more.

    What gives!!!! I watch plenty of stock that are pure hyped potential earning nothing and they are trading with far higher capitalisation.

    I can't work this one out - the thought that keeps ringing in my head and stopping me buying more is the old adage:

    if it sounds "too good to be true" it probably is

    What gives: Any thoughts would be greatly appreciated


 
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(20min delay)
Last
15.0¢
Change
0.015(11.1%)
Mkt cap ! $20.3M
Open High Low Value Volume
13.5¢ 15.0¢ 12.5¢ $52.02K 393.9K

Buyers (Bids)

No. Vol. Price($)
1 5311 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.0¢ 13499 1
View Market Depth
Last trade - 16.10pm 16/05/2024 (20 minute delay) ?
Last
14.5¢
  Change
0.015 ( 7.41 %)
Open High Low Volume
14.0¢ 14.5¢ 12.0¢ 107279
Last updated 15.52pm 16/05/2024 ?
BUR (ASX) Chart
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