MEG is just soooo super illiquid. Large swings in price can be caused by relatively small sales. This also works to the upside as MEG moves very rapidly when there is even a slight demand for shares.
Once there is some clarity regarding exploration which Im expecting any day now there will be an impetus for buyers to chase this stock higher, until then you will have the nervous nellies or the impatient selling to put funds to use elsewhere.
The real action here will take place once they announce exploration is recommencing and we have boots on the ground. I anticipate there being some serious FOMO when this occurs.
Just imagine what happens to the share price when we actually start poking some of those hundreds of pegmatites for Spodumene.
MEG is just soooo super illiquid. Large swings in price can be...
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.545M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $2.249K | 224.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 91479 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 250080 | 1 |
View Market Depth
| Last trade - 11.35am 14/06/2024 (20 minute delay) ? |
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Last
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Change
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| Open | High | Low | Volume | ||
| 1.0¢ | 1.0¢ | 1.0¢ | 11430 | ||
| Last updated 10.49am 14/06/2024 ? | |||||
| MEG (ASX) Chart |