MLX is being used as a proxy for copper price. Basically whatever the % movement in the copper price, multiply it by 2.5 and you have the stock price movement. Most metals have fallen back on talk of China-US trade war, developing. but tin has not suffered a lot and is now rising sharply again. Copper has bounced considerably off its low of past month, the pie in sky cobalt is back at $70k from $90k a tonne, but the issue has caused a recalculation. To me this is compensated by the extra cash but there is a new factor. Rio has farmed in to a minnow in a big way some distance to the north of Nifty with a strong drilling program planned. Speculation that there is a big copper-gold find there in the making. This area of the east Pilbara is very mineral rich, the majors such as Rio don't bother with mines less than very large scale.
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Last
40.0¢ |
Change
0.005(1.27%) |
Mkt cap ! $362.4M |
Open | High | Low | Value | Volume |
40.0¢ | 40.5¢ | 39.3¢ | $424.1K | 1.063M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 51702 | 39.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 54222 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2439 | 0.410 |
2 | 29294 | 0.395 |
2 | 116923 | 0.390 |
4 | 309150 | 0.380 |
8 | 474465 | 0.375 |
Price($) | Vol. | No. |
---|---|---|
0.400 | 10000 | 1 |
0.410 | 55377 | 3 |
0.415 | 270000 | 3 |
0.420 | 25000 | 1 |
0.430 | 50268 | 3 |
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