RSI is at the high end, but often the RSI can stay elevated for a very long time. Would have helped if I hadn't posted a chart where the MACD was flatlined. Scaling was stuffed so here is a replacement below. MACD is also not overstretched at all and turned positive. Higher relative volumes signifies, t me, more interest
I suspect they are hoping for some enticing results from the 3D seismic at Silver Mountain, which, if promising and creates some excitement, would provide a more elevated SP for a further raise to move forward on both projects. Good seismic could push the price beyond the current band, though I think this will happen sooner with the momentum behind copper.
At this juncture, downside risk seems low in relation to possible upside given $30m mkt cap, and they are exploring in elephant country on trend with existing mines. Bagdad is one of the biggest copper mines in the US
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Last
4.9¢ |
Change
-0.001(2.00%) |
Mkt cap ! $19.25M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.9¢ | $2.188K | 44.65K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4923 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 143630 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4923 | 0.049 |
4 | 346511 | 0.048 |
2 | 23000 | 0.046 |
1 | 4000 | 0.045 |
1 | 23278 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 143630 | 2 |
0.058 | 17 | 1 |
0.060 | 106868 | 2 |
0.061 | 34500 | 1 |
0.062 | 91040 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
EM2 (ASX) Chart |
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