Pretty much following the mood of the market taking into consideration the extra difference in drop can be attributed to the resource sector as a whole, risk (not a producer YET) and traders like to trade in and out more in this stock than many others in the XJO.
For eg check out this comparison with the XJO and BHP - more strength in the swings up and down.....
That's why all this talk about RE prices is a bit irrelevant as all resource prices are declining in line with global economic conditions. Also analyst ratings etc have been based on much lower RE basket prices than the highs of this year and yet the sp languishes due to the overall global outlook.
Once the POL is granted expect a surge in the SP (ie re-rating by the market) and then a tapering off and then dependent on 2012 "global" economic conditions we shall see.......
current weakest, page-5
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Last
$7.69 |
Change
0.080(1.05%) |
Mkt cap ! $7.187B | |||
| Open | High | Low | Value | Volume |
| $7.67 | $7.78 | $7.63 | $9.690M | 1.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 46595 | $7.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.69 | 45838 | 3 |
View Market Depth
| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |