Hard day yesterday, market down with a good hit to MGX.
This is a long term hold, as a producer now who will keep ramping up production, with nice money flow and able to take advantage now of rising IO prices. Will make further takeover/mergers in the future to grow if it isn't taken out in the meantime.
Was always going to be hard to hold the $3 mark after such a hard run, consolidation at these levels and with what appears to be some accumulation will set it up for a run into the mid $3 mark.
Short term gyrations now, in the long term picture these will fade into distant memories.
Lets see what the next few days bring, how it compares to the general market is the key .
Hard day yesterday, market down with a good hit to MGX.This is a...
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Last
31.5¢ |
Change
-0.015(4.55%) |
Mkt cap ! $383.7M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.3¢ | 31.0¢ | $846.6K | 2.641M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 93644 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 95399 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |