AW1 3.85% 12.5¢ american west metals limited

AW1 Technical Analysis, page-2395

  1. 3,144 Posts.
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    An interesting comparison of the US copper metal futures price trend (Orange line) against AW1 daily share price (red-green trend).

    Over the past year, the copper price (US$/lb) has traded between $3.60 to $4.00 price range. AW1 has traded between $0.052 and $0.375.

    With copper supply concerns, the copper price is breaking out to new levels and was US$5.20/lb overnight. Up at least 40% from the yearly lows.

    Question, is AW1 due for a price breakout upon release of high-grade shallow copper inter-sections at Cyclone North, Lightning Ridge, Thunder and The Gap?

    IMHO, Yes, with a short-term target of $0.18. It would be funny if "The GAP" prospect drill results was the trigger to bridge the growing differential (or gap) between the copper metal price and the AW1 share price.

    https://hotcopper.com.au/data/attachments/6183/6183577-f53a387a538da9401682cf69be9fc766.jpg
 
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Last
12.5¢
Change
-0.005(3.85%)
Mkt cap ! $64.71M
Open High Low Value Volume
13.0¢ 13.0¢ 12.5¢ $149.6K 1.160M

Buyers (Bids)

No. Vol. Price($)
8 651787 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 501439 4
View Market Depth
Last trade - 16.10pm 02/09/2024 (20 minute delay) ?
AW1 (ASX) Chart
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