The drop is completely predictable. 7 million shares were listed late last week, all purchased for $0.725. I fully expect that half or more of these were bought for a quick turnover of 15-20%. Not bad for 2 weeks investing!! Once these discounted shares are through the system, it should move upwards again, particularly with upcoming announcements and approaching PFS.
IMHO
BE
Largest cobalt resource with lowest valuation, page-1670
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Last
37.5¢ |
Change
-0.025(6.25%) |
Mkt cap ! $74.88M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 40.0¢ | 37.5¢ | $50.49K | 129.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14286 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 1729 | 1 |
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| Last trade - 15.26pm 04/10/2024 (20 minute delay) ? |
| ARL (ASX) Chart |