I thought it might be interesting to go back in time .Lo and behold just over 3 years ago (when DEG price was about 1.15$)there was a technical analysis (which doesnt work on penny stocks )with 40 upvotes predicting a strong uptrend.Here we are three years later and no uptrend has developed just a trading range between 1.10 and 1.40.
A year ago around the same date (when the DEG price was 1.58 there was a technical analysis with similar conclusions and yet here we are 1 year later and its down 20%.
DEG is supposed to be a company developing a big gold mine ,this is a very difficult task and requires total focus .It is not a lithium exploration company.
Let us assume that it could spin off Lithium exploration in its properties for 100 million (which is a ridiculous overestimate) with something like 1.75 BILLION SHARES OUTSTANDING this would only be worth a few cents a share .
AZM a quality canadian exploration company with a big gold find just drilled a lithium exploration hole ,75 meters at 2.5% lithium .The whole company including its gold reserves and the biggest exploration ground in all Quebec is valued at about 80 million!!!.Now thats a steal compared to overvalued DEG.
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Last
$1.22 |
Change
-0.020(1.62%) |
Mkt cap ! $2.911B |
Open | High | Low | Value | Volume |
$1.20 | $1.23 | $1.19 | $5.815M | 4.802M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 56832 | $1.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.22 | 161716 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13839 | 1.205 |
3 | 35398 | 1.200 |
1 | 13010 | 1.195 |
12 | 72318 | 1.190 |
2 | 15010 | 1.185 |
Price($) | Vol. | No. |
---|---|---|
1.225 | 14010 | 2 |
1.230 | 13010 | 1 |
1.235 | 13010 | 1 |
1.240 | 114691 | 5 |
1.245 | 51879 | 4 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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