My theory with the recent price action and the way this stock has been able to somewhat buck the trend of the general market sentiment, is that RNU is on a lot of radars and many may have been waiting for the “perfect” time to buy in however, with the announcements we have coming up in the pipeline - probably don’t want to be caught out if they arrive sooner than expected.
I’ll add to that, the recent media coverage of Graphite and upcoming demand vs supply issue - it seems to be opening a few more eyes onto the fact around Graphites role in the EV space and even more so the type of Graphite that is utilised in the EV batteries using certain type of flake sizes etc which means not all potential Graphite mines are created equal and will be suitable for the EV space.
Just my own opinion!
General Discussions, page-15494
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Last
7.0¢ |
Change
-0.002(2.78%) |
Mkt cap ! $177.9M | |||
| Open | High | Low | Value | Volume |
| 7.2¢ | 7.3¢ | 7.0¢ | $281.1K | 3.958M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 2188170 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.1¢ | 50351 | 2 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| RNU (ASX) Chart |