The only thing I could think of is a drilling announcement. Still too early for that as they only recently recommenced drilling.
Most probably the recent upturn is just a realisation that FML is undervalued on its fundamentals and that potential drilling announcements are due withn the next couple of months. This is also evidenced by the build up on the buy side over the last couple of weeks. ie the surge is not a sudden explosion.
closing predictions, page-29
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.98M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.0¢ | $1.344K | 9.049K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8585 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 16864 | 2 |
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| Last trade - 12.53pm 10/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |