I am calling the bottom here at 21.5c today.
The selling volume is not convincing to me as it has been tapering off the last three days: 850k then 570k and today only 265k so far despite and absolute bloodbath in base metals and related stocks. Zinc was down a staggering 6% overnight and clearly not much panic dumping happening on OVR.
For this to go lower I think it would need another +4% plummet in Zinc prices overnight and a second mining sector bloodbath.
Now 20% below the **average** price traded over the last 30 days: 12.7% of issue at 27c average.
bottom at 21.5c
-
- There are more pages in this discussion • 83 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RNX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.0¢ |
Change
-0.005(33.3%) |
Mkt cap ! $15.36M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.0¢ | $379.7K | 31.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 3408563 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2506580 | 8 |
View Market Depth
| Last trade - 12.18pm 02/07/2024 (20 minute delay) ? |
| RNX (ASX) Chart |