Hi SW,
I find it rather strange that our share price would be following the nickel price as we are not a producer, and it would be odd that "smart money" would be buying into and (especially) selling out of a company based on the up and down movements of it's proposed product.
More likely that the "smart money" is using the bots to accumulate when the nickel price goes down, being hopeful that some retail investors think there is a link, and are willing to let their shares go on that basis.
Clq - charts, technical. Only., page-132
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Last
50.5¢ |
Change
-0.020(3.81%) |
Mkt cap ! $45.56M | |||
| Open | High | Low | Value | Volume |
| 53.0¢ | 53.0¢ | 49.0¢ | $4.082K | 7.985K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 4919 | 1 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| SRL (ASX) Chart |