Copper price has been increasing and trending upwards recently, however ABY share price has been hit quite hard. I see a retrace from $1.60 to $1.20 which now represents a 25% fall.
I'm not convinced that this is related to Hindalco's cap raising, nor am i convinced that its profit taking as the share price has trended downwards for several days now and copper price trending upwards.
Dare i say it be something more sinister? But you're right, a notice should be sent from ASIC.
big drop today. any ideas why?, page-10
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Last
$1.05 |
Change
-0.010(0.94%) |
Mkt cap ! $98.65M | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.08 | $1.05 | $15.59K | 14.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10213 | $1.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 8540 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| ABY (ASX) Chart |