I dont think that we will see a double top - Bwn is in a solid uptrend with higher highs and lower lows
I think it is on the verge of another run as it has retraced kissed the Moving average and is on the way back up again to create another high.
*Drilling at the moment 3 Drill rigs
*Has recently communicated intention to become a focused coal play with spin off of non coal assets.
* Backing of Large Indian Steel company
* Surat basin - Tiny market cap.
* Provides great leverage to the booming coal sector - One of the last promising cheap coal plays.
Alot to like.
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Last
57.0¢ |
Change
-0.015(2.56%) |
Mkt cap ! $156.8M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 59.0¢ | 57.0¢ | $40.07K | 69.05K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 86375 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.5¢ | 31746 | 1 |
View Market Depth
| Last trade - 12.09pm 08/08/2025 (20 minute delay) ? |
| BWN (ASX) Chart |