This is normal. After capitulation it can bounce 25% in 1 day and 25% more a few days after that. Often 100% from bottom after 8 months as the shorts cover in panic. If you have enough cash and do not borrow money to buy shares, the time will come. I have a chart for IGO here. There were much worse times in the past. At the worst time in the past, years later it jumped 1000% before falling to what it is now. And people who could hold that long got so much dividend as well. I think in 2-3 years, people who get in now will win a lot. Currently the price is still above Jan 2020 so it might still have a little more to drop. Chinese EV starts to win markets around the world and the demand for green metals will rise again to the level where the supply glut will disappear.
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Last
$5.85 |
Change
0.100(1.74%) |
Mkt cap ! $4.430B |
Open | High | Low | Value | Volume |
$5.70 | $6.01 | $5.64 | $25.69M | 4.392M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 11429 | $5.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.87 | 3743 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11160 | 5.840 |
3 | 19611 | 5.810 |
7 | 57419 | 5.800 |
1 | 17692 | 5.790 |
1 | 17692 | 5.780 |
Price($) | Vol. | No. |
---|---|---|
5.870 | 3743 | 3 |
5.880 | 17692 | 1 |
5.890 | 17692 | 1 |
5.900 | 80543 | 2 |
5.910 | 28431 | 3 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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IGO (ASX) Chart |