To return to the ASX 300 we need a market cap around $750 mill. Share price about $4.50 from my calculations. This would also make us eligible for the VanEck gold index.
We have dropped below 5 million shares short sold a couple of times in the last couple of weeks only for the share price to run up as it has. We are below 5 million short sold on today’s update but I suspect shares are being sold into the market today to stop the share price rising. I expect to be back over 5 million short sold shortly. Time is on our side with impending announcements and no index rebalancing to enable the short sellers to cover.
ASM Chart Thread, page-10173
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Last
64.0¢ |
Change
0.070(12.3%) |
Mkt cap ! $116.0M | |||
| Open | High | Low | Value | Volume |
| 58.0¢ | 64.5¢ | 58.0¢ | $158.7K | 256.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 527 | 64.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.0¢ | 17600 | 1 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| ASM (ASX) Chart |