Hi Caps, I don't know whether buying today was from former KNL holders, but I think the KNL situation will play in AXE's favour. More emphasis will be placed on lab results instead of visual interpretation and spin.
To be honest, I'm at a loss to explain why the share price has been so low for this long. The stock was sold to oblivion by major holders, not only Hudson, who decided to lock in a nice profit. But I thought there would have been more buying once the dust settled. But having said that it is pretty easy for a major holder to manipulate the price in these circumstances.
When you compare AXE with SYR, grades aren't that different. Yes, SYR have a bigger deposit but the difference in market cap isn't right. Let's see how the flake situation pans out, both for SYR and AXE.
Cheap as chips at this price.
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Last
31.0¢ |
Change
0.025(8.77%) |
Mkt cap ! $79.00M |
Open | High | Low | Value | Volume |
30.0¢ | 31.0¢ | 29.5¢ | $16.59K | 54.77K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 21370 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 32000 | 0.295 |
3 | 15000 | 0.290 |
4 | 13400 | 0.285 |
11 | 103515 | 0.280 |
7 | 58422 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 1000 | 1 |
0.310 | 21370 | 3 |
0.315 | 30000 | 2 |
0.320 | 77000 | 3 |
0.325 | 266990 | 6 |
Last trade - 10.41am 26/07/2024 (20 minute delay) ? |
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AXE (ASX) Chart |