When I bring this back to basics- demand is and will be greater than supply for years to come. This will drive the valuation for NVX beyond gov spending, lithium price, yields, other macro issues. All indicators right now suggest the growth in demand will only outperform current expectations. The major risk that can plausibly limit valuation is only supply which rests solely on management execution. So, I am comforted knowing this team has delivered so far, and is of the caliber to continue delivering. Even the trading risk/return looks good- At $4.40 you have 0.5 fib and trend support and there is overwhelming area of value to support at $4, plenty of buying above $6 from instos and catalysts to re rate coming. From an investment point of view, no brainer. Happy averaging!
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When I bring this back to basics- demand is and will be greater...
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Last
80.0¢ |
Change
0.020(2.56%) |
Mkt cap ! $395.0M |
Open | High | Low | Value | Volume |
78.0¢ | 85.5¢ | 76.5¢ | $5.107M | 6.241M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 45437 | 80.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
80.5¢ | 16710 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 45437 | 0.800 |
4 | 90195 | 0.795 |
5 | 103474 | 0.790 |
6 | 119755 | 0.785 |
6 | 47791 | 0.780 |
Price($) | Vol. | No. |
---|---|---|
0.805 | 16710 | 2 |
0.815 | 10000 | 1 |
0.820 | 20000 | 1 |
0.825 | 20000 | 2 |
0.830 | 100000 | 1 |
Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
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NVX (ASX) Chart |