Reaction to the $2.38 area is key, so far its bounced off $2.4 so short term uptrend still intact. We know instos have been accumulating and the latest 2.7M share parcel had been purchased at an average of $2.5 so I doubt they will let this sink any lower. Most likely just absorbing the supply resulting from ~1M shares coming off escrow, a supply that is almost gone, as volume has been decreasing.
FA wise a PE in the low 20s is undemanding for the 25-30% growth expected. The FY report will set the tone for the medium term trend.
MVF chart, page-2
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Last
$1.16 |
Change
0.015(1.31%) |
Mkt cap ! $451.9M | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.17 | $1.15 | $515.6K | 447.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 575 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 11044 | 2 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| MVF (ASX) Chart |