if you look at the chart against some other goldies like say IGR you will see there very similar. For me the main factor thats moving the stock price is the price of gold in Australian dollars and right now its looking very good .
Speculators will be looking to get set on low market cap explorers and producers for the gold rush.Shorts have been holding them back now for some time but now there getting squeezed which will be like a spring affect i'm looking for a bounce to 15 over next few weeks maybe less time frame.
http://goldprice.org/gold-price-australia.html
i told you cr below 10c. sp will drop to 9.5 c, page-31
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Last
69.0¢ |
Change
0.005(0.73%) |
Mkt cap ! $63.11M | |||
| Open | High | Low | Value | Volume |
| 69.0¢ | 69.0¢ | 68.0¢ | $5.463K | 7.919K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 124 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.0¢ | 10000 | 1 |
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| Last trade - 14.45pm 11/10/2024 (20 minute delay) ? |
| MYG (ASX) Chart |