Hi lifeinsanelane,
Yes, a dividend would likely contribute to a higher SP . . . but there are other factors that can influence the SP, such as, but by no means limited to, such as when we recently saw 3 USA banks selling off their MGX holding in order to increase their own cash position. Other factors may include media beat ups, especially with regard to China IO demand . . . and also some imvestors may be concerned about LOM and future direction of MGX.
Idlewanderer, a very knowledgable former MGX holder, referred to a lot of the above as "noise"
A couple of days ago, Convexity, who is a poster worth following on the FMG forum, had something similar to say . . .
"stocks like CBA are 10-20% volatility stocks in ordinary times whereas FMG is 30 - 45%.
Its the same boring coin flipping game each day, just amplified."
MGX is a commodity stock, and as such is subject to greater volatility.
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Last
44.0¢ |
Change
0.005(1.15%) |
Mkt cap ! $534.5M |
Open | High | Low | Value | Volume |
43.5¢ | 44.5¢ | 43.5¢ | $178.2K | 404.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 240727 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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44.5¢ | 436449 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 229527 | 0.435 |
13 | 193459 | 0.430 |
10 | 196121 | 0.425 |
8 | 174839 | 0.420 |
2 | 10610 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 436449 | 4 |
0.450 | 262031 | 5 |
0.455 | 222246 | 5 |
0.460 | 182847 | 4 |
0.465 | 239000 | 4 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
44.0¢ |
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Change
0.005 ( 0.57 %) |
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Open | High | Low | Volume | ||
44.0¢ | 44.5¢ | 43.5¢ | 123351 | ||
Last updated 15.58pm 03/05/2024 ? |
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