After completing some DD on this stock, it seems like a compelling entry point at these levels. 14M EV, and $3m cash. Insiders with heavy skin in the game is always a positive as well.
The bigger picture for copper is to be above $4 in the near term IMO.
The majority of the volume lately to induce this sell down is retail heavily underwater and ready to pull the pin.
Ann: Mineral Resource Estimate Increased to 28Mt @ 1.35% Copper, page-21
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 (20min delay)
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Last
8.3¢ |
Change
0.008(10.7%) |
Mkt cap ! $32.60M | |||
| Open | High | Low | Value | Volume |
| 7.5¢ | 8.5¢ | 7.5¢ | $365.0K | 4.544M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 8.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.3¢ | 29999 | 1 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
8.2¢ |
Change
0.008 ( 10.8 %) |
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| Open | High | Low | Volume | ||
| 7.4¢ | 8.5¢ | 7.4¢ | 2315740 | ||
| Last updated 15.55pm 15/05/2024 ? | |||||
| EM2 (ASX) Chart |