Grange posted highest ever iron ore quarterly production of 0.62MT in 4Q13 (4Q12:0.44MT) followed by management guidance of 2.3MT in FY14. However decreasing iron ore prices and low cost visibility have created challenging market conditions for Grange Resources. Investors have sold iron ore stocks in the past few weeks which caused GRR to drop to its current level.
With a challenging market condition, my opinion would be to sell
Grange posted highest ever iron ore quarterly production of...
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Last
26.0¢ |
Change
0.005(1.96%) |
Mkt cap ! $300.9M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $224.3K | 860.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 121209 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 286541 | 9 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| GRR (ASX) Chart |