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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Last
6.0¢ |
Change
-0.002(3.23%) |
Mkt cap ! $23.57M | |||
| Open | High | Low | Value | Volume |
| 6.3¢ | 6.3¢ | 5.9¢ | $71.70K | 1.185M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 652245 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 53231 | 3 |
View Market Depth
| Last trade - 15.58pm 03/06/2024 (20 minute delay) ? |
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Last
6.0¢ |
Change
-0.002 ( 3.38 %) |
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| Open | High | Low | Volume | ||
| 6.5¢ | 6.5¢ | 6.0¢ | 438706 | ||
| Last updated 15.53pm 03/06/2024 ? | |||||
| EM2 (ASX) Chart |