Well I always like to state if fairly ignorant to this field so I don't consider my thoughts or opinions that valid... That being said, with PPI indexes all falling in major economies, you could say the winds of recession approaching can be felt. No surprise there.
In my simple brain it means either... IO prices will crash due to low demand or government will do the usual to try rectify it... That is cheap money and infrastructure projects... Which would of course be in our favour.
Any opinions? The voice in my head has been telling me to dump MGT and move on... There is little that makes this company an opportunity in comparison to the wider market ATM. I'm purely being stubborn by holding it... reality though... It's nothing more than a punt at this point.
MGT share price, page-13322
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Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $26.08M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $64.47K | 241.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 25438 | 1 |
View Market Depth
| Last trade - 15.51pm 28/06/2024 (20 minute delay) ? |
| MGT (ASX) Chart |