Most folks who punt in nearology are the bottom feeders looking for a good % gain instead of a potential fundamentals change. Single digit in the cent range can spike just based on a drill hole regardless if it can be replicated over the course of the drill program.
You will likely hear complains of DEG being expensive just from a numerical SP value. Throw in the market cap of $1B v a story $10M for example, a 10 bag of the latter is much more realistic than the former.
Ann: NAE: Drilling Commences for Pilbara Hemi Style Gold Targets, page-21
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Last
$1.22 |
Change
-0.020(1.61%) |
Mkt cap ! $2.971B | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.25 | $1.22 | $3.480M | 2.823M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 115415 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 72512 | 25 |
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| Last trade - 12.35pm 20/08/2024 (20 minute delay) ? |
| DEG (ASX) Chart |