Someone is trying to accumulate, there was a buyer at 34.5c on Thursday/ Friday, trying to snap up every seller, until someone came along and pushed it to 38. Shortly after there were buyers lined up at 37, 36 etc.
At ~$33m market cap, this stock is a pretty cheap way to get some exposure to a good quality coal asset.
Another plus is the capital structure - only 83m shares on issue with 50% or so held by top 20 shareholders (as at last year, may have been some movement since then but will have to wait for the accounts to come out).
I believe this can run up pretty quickly on some good news.
As always, DYOR.
Interesting, page-6
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Last
29.5¢ |
Change
0.020(7.27%) |
Mkt cap ! $23.21M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 31.5¢ | 29.5¢ | $6.776K | 22.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 1400 | 1 |
View Market Depth
| Last trade - 15.12pm 05/09/2024 (20 minute delay) ? |
| AYA (ASX) Chart |