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.
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An interesting comparison of the US copper metal futures price...
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $64.70M |
Open | High | Low | Value | Volume |
11.5¢ | 12.5¢ | 11.5¢ | $333.1K | 2.812M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 376038 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.120 |
4 | 282197 | 0.115 |
10 | 304338 | 0.110 |
6 | 373025 | 0.105 |
7 | 837200 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 332000 | 3 |
0.130 | 327846 | 6 |
0.135 | 578182 | 6 |
0.140 | 566070 | 4 |
0.145 | 368334 | 6 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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