Well considering a 10% rise today on volume around 7mil, I don't think the number of shares is a major issue. In fact yesterday's swing low to today's swing high is a 15% differential. Would it would make any difference if Abu's share price was 30c and they had 330m shares? The market cap is stil 100mil.
And are we really lagging behind? I charted a few other gold plays tonight sar idc mml ncm. We are holding up alright. Look for an uptick in the precious metal miners to lead the gold price higher
Gl
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.236M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $2.361K | 1.180M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 8397902 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 21506422 | 27 |
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| Last trade - 14.09pm 28/06/2024 (20 minute delay) ? |
| PRX (ASX) Chart |