Sometimes it is beneficial to take a look at the energy metals sector overall and those most closely aligned to EGR's vertically integrated business model. As you can see all 3 companies who are often compared are experiencing similar corrections.
TLG's decline has been going the longest followed by NVX with EGR starting the latest. The Money Flow Indicators also reflect this with TLG the lowest followed by NVX and the best being EGR.
Will be interesting as they go forward as to who breaks the trend first and if they all benefit.
So while we like to think each of these companies has special qualities the overall picture appears more of a sector wide correction than anything else, so fundamentals have little to do with it, IMO.
Sometimes it is beneficial to take a look at the energy metals...
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $56.75M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $59.18K | 461.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 18090 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 37363 | 3 |
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| Last trade - 15.30pm 21/06/2024 (20 minute delay) ? |
| EGR (ASX) Chart |