Look at the uncanny image emerging of a mirror like recovery in the share price
on the way down, OBM stock fell from 24 to 10 cents in 4 months.
Under 10 cents it took 9 months to plumb down to the bottom in June 2022.
on the way up, it has taken us 8 months to convincingly break above 10 cents.
I wonder if the next 4 months could trigger an explosive re-rating back to the types of valuations enjoyed over 2 years ago??
OBM do have a great deal of positive stuff quietly going on in the background (like exploration drilling, potential high grade underground resource increase at Riverina, lower lower strip ratios Missouri, stable plant operations, potential corporate), so I’m certainly not going to discount a sharp breakout.
Mirror mirror on the wall
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Last
58.0¢ |
Change
0.020(3.57%) |
Mkt cap ! $1.079B | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 59.5¢ | 56.0¢ | $4.715M | 8.097M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 100851 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.5¢ | 50000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| OBM (ASX) Chart |