Generally NIC follows the Nickel price even though we produce NPI. Today Nickel up near 9 % and NIC down???
I do not want to be a ramper, but if you benchmark the share price against a whole heap of factors - prices, historical prices, demand, other Nickel produces NIC is undervalued. Not entirely sure by how much but the financial year report of info will reprice and then its about the future and growth and greater EBITA which looks good as to date the company has not put a foot wrong.
Should be $1.30 now, could be $1.45 - $1.60 when finincial year reporting and could be $2.50 in a year ?
I do not think this is too different to what others have already beiong saying......
Traders, and shorters maybe the problem it looks like over the last few days with volumes high but the price going no where.
Generally NIC follows the Nickel price even though we produce...
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Last
79.0¢ |
Change
0.005(0.64%) |
Mkt cap ! $3.428B | |||
| Open | High | Low | Value | Volume |
| 78.5¢ | 80.5¢ | 78.0¢ | $3.535M | 4.460M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 260159 | 78.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 191876 | 30 |
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| Last trade - 14.38pm 24/07/2024 (20 minute delay) ? |
| NIC (ASX) Chart |