That's not quite right - you must have been looking at the wrong chart.
ALB is down 38.2% from its peak one week ago ie it is now at 17c and the peak was at 27.5c.
Two weeks ago ALB was at 11c and is currently 54.5% ABOVE that.
Nickel stocks continue to fall slightly. The stocks have remained in the 77,500 to 79,000t range for 11 trading sessions now.
The Nickel price dropped dramatically from $5.2745 to $4.6735 but recover some ground to $4.8769 yesterday. If the Nickel price holds then I would expect some confidence to return to ALB, if not then I would expect to see a slide on light trading as indicators and traders sit out what appears to be a mini-slump in an overall rising trend.
Half a million dollars worth traded today, but only a -5.56% movement although there was a dip to -16.67% in early trading. Most of the volume was dumping, up side has been lighter.
So it all hangs on the Nickel price at the moment. Once the price gets to $10/lb we'll be looking at other variables more closely.
Robert
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Last
4.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.806M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 29969 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 24875 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 29969 | 0.043 |
1 | 198541 | 0.042 |
3 | 138195 | 0.041 |
1 | 200000 | 0.035 |
1 | 41708 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 24875 | 1 |
0.046 | 25813 | 2 |
0.049 | 15000 | 1 |
0.055 | 48600 | 2 |
0.079 | 16666 | 1 |
Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
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ALB (ASX) Chart |
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