The earnings fundamentals are still against ERA. They are still not making enough profit to justify a high market capitalisation.
Analysts and brokers can tend to follow the herd/sentiment especially when they have a vested interest.
Once sentiments turns, investors will no longer listen to the stories of how they will be 90 Nuclear reactors build in China and there is the potential for spot prices to hit $200 by year end. Investors want concrete results now and in the very near future.
ERA will probably have a good future ahead but there is also a lot of earnings uncertainty and risk which is why the price is taking a savage beating. I don't believe that this will end anytime soon. There may be support at $15 ??
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $376.5M |
Open | High | Low | Value | Volume |
1.8¢ | 1.9¢ | 1.7¢ | $31.77K | 1.823M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 1025958 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 535978 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 990958 | 0.016 |
11 | 1673800 | 0.015 |
21 | 2606871 | 0.014 |
8 | 1812691 | 0.013 |
8 | 1939330 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 465000 | 2 |
0.019 | 265000 | 2 |
0.020 | 2021076 | 6 |
0.021 | 40000 | 1 |
0.022 | 412498 | 4 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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ERA (ASX) Chart |