Nickel prices on the up, cobalt prices on the up. 50 something mt at 0.12% (4th largest unlined deposit in Australia). Currently drilling up to further increase the high cobalt grade ore. Prices go up, prices go down.
It sucks when they go down. No one is happy about it. But fundamentals are still the same. A lot of cobalt stocks are significantly below their recent highs. But that's how the speculative cycle goes. Traders got on board the cobalt train, got out and are now onto the next thing.
If you believe in cobalt long term you stay (like me). If you don't believe in cobalt and are just an injured trader, best to leave.
Nickel prices on the up, cobalt prices on the up. 50 something...
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Last
45.5¢ |
Change
-0.005(1.09%) |
Mkt cap ! $90.85M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.0¢ | 45.5¢ | $54.70K | 119.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 65989 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 22000 | 1 |
View Market Depth
| Last trade - 15.46pm 19/07/2024 (20 minute delay) ? |
| ARL (ASX) Chart |