The strong closing is a great indication that news will be finally Jan 27 and/or 28th - People were rushing in to buy wiping out lines.
from 0.325 to 0.4 is only 22% away - very doable when other lithium stocks have had 20-40% increases. CXO will rocket on news but also on a feeding frenzy which has become the Lithium sector. This momentum in the sector cant be ignored and also all the money made in the BNPL sector and the early money in Lithium will be re-invested in CXO.
I am very confident that with news in a "normal " time CXO would of moved 10-15% with its Lithium advancement. Gold is a bigger question mark to the SP as it could be just those 6 huge nuggets or not something substantial.
If we concentrate just on the lithium news coming soon we should in this frenzy market double a normal market reaction -so i expect 25-40% move.
Then add whatever the Gold news is to get the new SP - i think 0.44 to 0.5 is very reasonable with just the lithium news because of this hysteria and tons of money from other stocks.
With the news (when it comes) if we can get volume over +100M - then watch out -
lets enjoy Australia day and then reconvene 9:25 am on the 27th - to jointly absorb the news!!!
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Last
11.3¢ |
Change
0.003(2.27%) |
Mkt cap ! $235.7M |
Open | High | Low | Value | Volume |
11.0¢ | 11.5¢ | 11.0¢ | $47.82K | 431.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
69 | 7060470 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 2054448 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
68 | 6760470 | 0.110 |
108 | 8857582 | 0.105 |
167 | 7949229 | 0.100 |
8 | 550363 | 0.099 |
8 | 760417 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 2324448 | 16 |
0.120 | 4696187 | 42 |
0.125 | 6166044 | 66 |
0.130 | 4233272 | 60 |
0.135 | 3277476 | 41 |
Last trade - 11.08am 01/11/2024 (20 minute delay) ? |
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