And yet it falls further, along with the rest of the market.
Strange days...
FED says they don't need to keep printing money because the US is out of danger, which means the biggest economy is buying goods and their dollar appreciates.
What does this mean to us?
Our dollar depreciates, world growth continues, and IO is still needed around the globe. The price of IO stabilises, our dollar drops in comparison to the US, which then makes IO more valuable. This in turn, generates more cash and values MGX at a higher rate... YET we drop in value?
I've said it before, and I'll say it again... Our market is stupid. The problem is, it has deep pockets and is hard to bet against. We could see this drop further until we see/hear news about direction/position from the company, and even then the market doesn't listen.
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Last
43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $523.8M |
Open | High | Low | Value | Volume |
43.0¢ | 43.5¢ | 43.0¢ | $89.22K | 207.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1278 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 58576 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1278 | 0.430 |
6 | 172561 | 0.420 |
4 | 61816 | 0.415 |
4 | 45839 | 0.410 |
5 | 280000 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 48576 | 3 |
0.440 | 192000 | 5 |
0.445 | 179848 | 5 |
0.450 | 196836 | 5 |
0.455 | 160039 | 5 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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MGX (ASX) Chart |