Polly for me it's suitable that they have a price target of $0.40.
My own valuation (using my own analysis with no aid from outside analysts) is 38-44 cents as of right now.
I believe the share is trading at a premium to this price due to a lack of understanding that the buckwheat discovery is no longer a threat to our operations.
And my outlook is that once investors exit the market after making a bit of money (some only recovering their initial investment after price drops last year) from the other rising Australian Lithium stocks, they will tire of them and put their money into this new mover - INR.
We could very well have a perfect storm building, with DFS, Offtakes and investing cycles (mentioned) giving momentum to INR's average volume.
If the 15-30 day average volume continues it's upward curve by the next 2 weeks, this will manifest in my opinion.
Thanks for your screen shot.
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $315.5M |
Open | High | Low | Value | Volume |
13.0¢ | 13.5¢ | 13.0¢ | $80.93K | 607.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 228128 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 365108 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 151359 | 0.130 |
7 | 344607 | 0.125 |
20 | 1028334 | 0.120 |
16 | 877752 | 0.115 |
14 | 824521 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 350108 | 3 |
0.140 | 521658 | 8 |
0.145 | 512729 | 7 |
0.150 | 121700 | 6 |
0.155 | 607862 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
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