@Moneymaker1979. You may be right but I suspect not An over reaction suggests a gap down. Unfortunately is has been a steady & persistent decline from a daily high of A$5.00. This suggests two things:
1. Buyers staying away
2. Sellers keeping the pressure on
Nev Powers remarks about FMG's IO product discount being higher for longer combined with a declining IO price are unnerving buyers who are standing back to reassess FMG's valuation. Suggests further price declines ahead even if we do have a wee bounce.
@Moneymaker1979. You may be right but I suspect not An over...
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Last
$21.86 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.18 | $21.69 | $119.2M | 5.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14450 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 152 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |