AZS closing SP has ranged from 37.5c to 38.5c in last 7 trading days - very stable. And in the prior 12 days the closing SP ranged from 40c.5 to 45c and in 9 of those days the SP closing range was between 42c and 43.5c - so the SP has been very stable for almost 4 weeks except when it fell to 38.5c from 42c on 26 April.
Very surprised how stable the closing SP has been.
The stable SP suggests, while there are lots of buyers, that sellers are very unwilling to reduce the selling price or very few sellers want to sell below 38c. It also indicates very few buyers want to pay more than 39c. Have the traders disappeared as SP movements are not what traders want.
Volume in last 4 days (including today) has been less than one- fifth of the volume in the preceding 14 trading days (ie since the da6 after the last drill results).
Current trading suggests investors (buyers and sellers) are very much waiting for an announcement from AZS - looks like ‘the calm before the storm’. So either the SP will go up a lot or go down a lot when the announcement is released about assays or more drill results showing thickness with visuals.
AZS Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
