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.
- Forums
- ASX - By Stock
- Broker Data
I suspect that a large fraction of the sell-off in WA1 over the...
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WA1 (ASX) to my watchlist
|
|||||
Last
$15.71 |
Change
-0.270(1.69%) |
Mkt cap ! $1.017B |
Open | High | Low | Value | Volume |
$15.90 | $15.90 | $15.51 | $1.366M | 87.01K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 28 | $15.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.73 | 127 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25 | 15.710 |
2 | 141 | 15.690 |
1 | 59 | 15.680 |
1 | 78 | 15.670 |
1 | 250 | 15.660 |
Price($) | Vol. | No. |
---|---|---|
15.740 | 290 | 7 |
15.760 | 70 | 2 |
15.770 | 113 | 2 |
15.790 | 140 | 2 |
15.800 | 350 | 1 |
Last trade - 12.50pm 19/07/2024 (20 minute delay) ? |
Featured News
WA1 (ASX) Chart |