Interesting time here. The longs who can't take the pain would bail out with huge losses. The ones who buy on borrowed money will crash out. IGO ran from 5.5 to 16+ in such a short time so it is still much higher than the price 5.5 about 3 years ago. The shorts are playing havoc on the IGO share price too. China is in a bit of a weak spot right now. All this will come to pass, and the share price will find a bottom. It might be a while until a true bottom is in. And then there will be short covering and FOMO that drive it back up.
It's crazy that a miner stock is like a falling knife! But it ran up like a tech stock so it is now falling like a tech stock. IGO has enough cash to weather this rough period.
Interesting time here. The longs who can't take the pain would...
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Last
$7.92 |
Change
0.140(1.80%) |
Mkt cap ! $5.997B | |||
| Open | High | Low | Value | Volume |
| $7.86 | $8.02 | $7.84 | $28.84M | 3.641M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9730 | $7.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.93 | 24532 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$7.95 |
Change
0.140 ( 1.92 %) |
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| Open | High | Low | Volume | ||
| $7.87 | $8.02 | $7.84 | 1719626 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| IGO (ASX) Chart |