One could def argue there is some correlation and MAY just lags slightly. But the sensitivity varies. Let's face it, half a cent change in the close throws the percentages materially around so much as to make it impossible to expect any strong pattern.
I would agree that small changes in the oil price would have no impact. Large changes would though. We're close enough to production for that to be a factor.
One could def argue there is some correlation and MAY just lags...
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2.6¢ |
Change
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Mkt cap ! $87.62M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.6¢ | 2.5¢ | $47.98K | 1.890M |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2052096 | 2.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 568183 | 5 |
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| Last trade - 15.56pm 18/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |