The spec mining and oil stocks are being sold off due to commodity prices coming off over the last few weeks, probably will continue like this for miners and oils stocks till US fed stops raising interest rates, companies who have a cashflow and no debt will do well, like MEL.
Companies with debt and narrow margins will have a hard time over the coming months.
IMO, once the feds stop their hikes, I am expecting the mining and oil markets to continue with their bull run, a lot of bargains are in the market right now.
The spec mining and oil stocks are being sold off due to...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.987M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 103000 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 5019540 | 12 |
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| Last trade - 16.12pm 05/07/2024 (20 minute delay) ? |
| MEL (ASX) Chart |
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