Although the share price is still low it was encouraging to see some good buying today.
I believe RIO walking away has already been factored into the share price. Therefore if RIO stay on, in conjunction with Minyari drilling and a rising gold price, then I would have thought the share price would rise fairly aggressively.
When the share price got to around 6.6 cents last July the gold price was around $1,365. Today the gold price is around $1,250 on an uptrend. That leaves plenty of room for gold to rise and have some of that reflected in the share price.
AZY CHART, page-43
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $56.52M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $42.55K | 3.551M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 14226218 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 12565248 | 15 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AZY (ASX) Chart |