I totally agree. Its on a 2x forward PER right now according to my calculations.
However;
90% of Chinese copper smelters unomptimistic about market
Demand for base metals projected to fall
Et cetera et cetera.
The reality is, until the copper price stabilises, EQN is going to keep tracking it down - or maybe they'll press the big green go button and people will get shaken out of their depression. I think it's a good buy at these levels - but the market has other ideas.
minesite article, page-7
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Last
33.5¢ |
Change
-0.015(4.29%) |
Mkt cap ! $41.37M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.0¢ | 33.5¢ | $130.2K | 382.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3800 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 553 | 1 |
View Market Depth
| Last trade - 15.39pm 05/07/2024 (20 minute delay) ? |
| EQN (ASX) Chart |