ARU 3.13% 16.5¢ arafura rare earths ltd

A lot of gaps occur for that exact reason - company...

  1. 1,717 Posts.
    lightbulb Created with Sketch. 195
    A lot of gaps occur for that exact reason - company announcements, but the gap still gets filled at some point. Doesn't need to be a close, it could an intraday pullback. I have seen some crazy calls with people saying - ' well there was a gap a few months ago, so it will retreat back to there', but it's an SP level 50% below where the SP is now. With this gap though, it was late last week and a couple of percent away.

    You did say it was significant news, which is true, so we'll see over the next few weeks how the market reacts. But I still feel it will take a solid run into the mid 20s to avoid that gap - whether that's from more announcements or solid external macro developments next week.
    Last edited by BuffettWarren: 13/11/22
 
watchlist Created with Sketch. Add ARU (ASX) to my watchlist
(20min delay)
Last
16.5¢
Change
0.005(3.13%)
Mkt cap ! $395.8M
Open High Low Value Volume
16.0¢ 16.5¢ 15.8¢ $496.5K 3.086M

Buyers (Bids)

No. Vol. Price($)
21 942705 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 1299285 24
View Market Depth
Last trade - 16.10pm 29/08/2024 (20 minute delay) ?
ARU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.