Consolidation today was to be expected as investors cashed in their large paper gains brought on by the policy change announcement.
Also, day traders probably enjoyed the volitility in the SP and realised some profits.
Hopefully in a week or two the upward market momentum should see GGG (And possibly RMR based on nearology) move higher.
I think GGG has not enjoyed the same SP increases as other rare earth companies like LYC and ARU brought on by the large price increases in these commodities, so that increased value should also be factored into the SP.
consolidation and then next leg up
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $30.89M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.1¢ | $37.78K | 1.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1510902 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 50951 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ETM (ASX) Chart |