I think you've touched on something fairly relevant here.RNU has been a favourite of the asx for 18 months or so really. Lots of money to be made and fairly strong support in a tough market, especially for a graphite stock.Id argue most retail selling done the last 48 hours would be at a loss where emotion takes control.At the current market cap I'd imagine the potential upside is greater than the downside so new holders should have mostly blue skies ahead. I've been wrong before though!As has been mentioned by others, if RNU can't make this work then what hope do other graphite explorers have.
I think you've touched on something fairly relevant here.RNU has...
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Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $304.9M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.5¢ | $201.2K | 1.690M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 1320670 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 459596 | 7 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
12.0¢ |
Change
0.005 ( 4.35 %) |
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| Open | High | Low | Volume | ||
| 11.8¢ | 12.5¢ | 11.5¢ | 1340070 | ||
| Last updated 15.51pm 21/05/2024 ? | |||||
| RNU (ASX) Chart |