Another ASX resources stock with EVN having spectacularly fantastically spot on trading patterns prior to the production downgrade ANN. A production guidance downgrade probably would cause a 3% drop that happened prior to ANN. Quite a coincidence?
An almost 3% drop the day prior to the downgrade indicates the market understood what was happening on the day prior, almost completely on the money. We will see who got caught.
The ASX is certainly so fantastically symmetrical, sometimes it looks like the most efficient market in the world, the EVN trading certainly shows the market can correctly predicts what the value is and presumes correctly.
Does this not present more FONGO than FOMO? And does this indicate issues with the governance, risk and compliance?
Change my sentiment to sell
Ann: Operations Update, page-14
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Last
$3.93 |
Change
0.060(1.55%) |
Mkt cap ! $7.804B | |||
| Open | High | Low | Value | Volume |
| $3.92 | $3.94 | $3.84 | $53.48M | 13.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 81963 | $3.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.94 | 142627 | 11 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| EVN (ASX) Chart |