EXR 0.00% 14.5¢ elixir energy limited

Nothing much happening in an otherwise retreating market....

  1. 1,887 Posts.
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    Nothing much happening in an otherwise retreating market. Significantly decreased volume, and ASX as a percentage higher than usual which still suggests retail movements. VWAP rose significantly even if the share price didn't.

    My belief is support is still very brittle and the price is being supported by current holders increasing their holdings. The selling has definitely decreased so equilibrium has been reached and the next movement will be dictated by the results. We need clarity around what is going on with the Green Hydrogen project - what exactly is the strategy? What is exactly is the strategy with Queensland? I've always been clear on the Mongolia strategy - maximise then sell the resource - which is done by drilling - and not one drill have we seen this year, or even the plans for said drilling (outside of the pilot).

    Huge potential, so I continue to hold. Clarify strategy, execute tactics and the price will follow, but get on with it.

    https://hotcopper.com.au/data/attachments/5304/5304967-effeeff092df209fa03cfd178bf02bd4.jpg
 
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Mkt cap ! $173.5M
Open High Low Value Volume
14.5¢ 15.0¢ 14.0¢ $304.0K 2.080M

Buyers (Bids)

No. Vol. Price($)
5 701587 14.5¢
 

Sellers (Offers)

Price($) Vol. No.
15.0¢ 137917 3
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Last trade - 16.10pm 20/09/2024 (20 minute delay) ?
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