Reverse Fly-wheel
Cameco with bad results, missed an already lower guidance and selling pounds at less than $50lb when spot is $100lb (poor contracting).
Cameco is largest posiiton in ETF's eg URA URNM.
Investors see bad result so sell URA and URNM which then forces ETF's to sell all their holdings.
You will that ETF entrants had much larger falls than non-ETF entrants.
EL8 CHART, page-558
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Last
32.8¢ |
Change
0.008(2.34%) |
Mkt cap ! $101.0M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 33.3¢ | 31.5¢ | $169.5K | 525.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 55147 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 83733 | 9 |
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| Last trade - 14.45pm 26/07/2024 (20 minute delay) ? |
| EL8 (ASX) Chart |