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
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Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $12.80M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $1.104K | 114.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1146231 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2364266 | 4 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| RNX (ASX) Chart |