It doesnt represent as much buying as you think
2.8m traded volume = ~$168k @ $0.06 avg price
That kind of money doesnt point to any really big movements - If anything it might be people trying to manipulate the price. Jan/feb had the same kind of volume and nothing big happened.
Dec also has a big volume spike and a nice fat green bar (same shape) but it didnt really indicate a long term trend shift - BMN just followed the rest of the market.
Overall - maybe its good for a short term trade but I wouldnt read too much into it long term - the broader uranium market will matter much more (unless BMN gets a JV partner/ML etc)
It doesnt represent as much buying as you think2.8m traded...
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Last
$3.27 |
Change
-0.310(8.66%) |
Mkt cap ! $499.8M | |||
| Open | High | Low | Value | Volume |
| $3.30 | $3.40 | $3.23 | $6.799M | 2.065M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24450 | $3.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.28 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BMN (ASX) Chart |