Hey Buck, I personally wouldn’t say a false sense of security as the global economy isn’t looking too shabby.
Upcoming interest rate drop forecasts for example (which bode well for small caps that rely on funding)
I feel it will have a flow on affect to small cap stocks but we need to see a good slow down and that alone will be a bullish sign the lows are in and when they are confidence will flow back in, which I feel is very close.
its not sustainable for these drops to continue.
When the market sees this, confidence will come back and small caps will have a good bounce (big reward, high risk)
The good thing about VMM is they have a proven resource with great MET results and high grades, not an explorer hoping to hit something good…
If commodity prices increase then it will magnify imo.
Could be a very good time to buy near bottom…
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Hey Buck, I personally wouldn’t say a false sense of security as...
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Last
62.0¢ |
Change
-0.015(2.36%) |
Mkt cap ! $40.87M |
Open | High | Low | Value | Volume |
65.0¢ | 65.3¢ | 59.0¢ | $55.77K | 88.84K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2358 | 62.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
65.5¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2358 | 0.620 |
1 | 2500 | 0.610 |
1 | 2000 | 0.600 |
1 | 4950 | 0.590 |
1 | 1600 | 0.580 |
Price($) | Vol. | No. |
---|---|---|
0.655 | 5000 | 1 |
0.665 | 5000 | 1 |
0.680 | 17455 | 2 |
0.690 | 2000 | 1 |
0.705 | 4999 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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VMM (ASX) Chart |