I suspect that a large fraction of the sell-off in WA1 over the last month is attributable to general macro risk-off factor moves within metals & mining, particularly Aussie, rather than idiosyncratic to WA1. Clearly a broad range of resources have been dragged down in a similar fashion - once adjusted for volatility (as an early stage co, realized WA1 volatility is typically ~>2-3x that of more mature mining cos), the moves are of a similar magnitude. The sell-off also seems to have coincided roughly with the blow-off in copper price. Of course, the actual economic coupling between WA1 and these macro factors is unclear, but this kind of realized correlation during risk-off is typical.
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$15.69 |
Change
-0.290(1.81%) |
Mkt cap ! $1.017B |
Open | High | Low | Value | Volume |
$15.90 | $15.90 | $15.51 | $1.433M | 91.28K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 278 | $15.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.69 | 375 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 963 | 15.640 |
1 | 48 | 15.630 |
5 | 268 | 15.620 |
2 | 112 | 15.610 |
4 | 2867 | 15.600 |
Price($) | Vol. | No. |
---|---|---|
15.690 | 321 | 8 |
15.700 | 208 | 5 |
15.710 | 461 | 4 |
15.720 | 135 | 2 |
15.730 | 90 | 1 |
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