EVN low price is because of stale Instos who paid $3.80. Anything above this price for them is a trimming opportunity.
They will be trying to rebalance their risk greed aside.
There will be a lot of in money shares looking for an exit holding back the SP.
We can buy it off them if we believe there is intrinsic value or others come in to relieve their shares from them.
This will come when NEM and others go up another 5-10 percent whilst EVN sits at $3.80-$3.90.
EVN Underlying Performance, page-13
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 (20min delay)
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Last
$3.98 |
Change
-0.040(1.00%) |
Mkt cap ! $7.903B | |||
| Open | High | Low | Value | Volume |
| $4.01 | $4.03 | $3.97 | $17.20M | 4.310M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 64349 | $3.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.99 | 3417 | 2 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
$3.99 |
Change
-0.040 ( 0.88 %) |
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| Open | High | Low | Volume | ||
| $4.01 | $4.03 | $3.97 | 2404712 | ||
| Last updated 15.59pm 22/05/2024 ? | |||||
| EVN (ASX) Chart |