Honestly, I have no idea. Personally, I think today's activity is due to the ratification of the Phillips 66 deal mixed with day traders taking advantage of the short term uncertainty of NVX due to limited news (not rumour or pump commnets) - Long term I am personally very comfortable about holding.
I am in no way qualified to provide advice, only my opinion. I think this company will develop into a sizable entity - if you buy in now, I think there is a good chance the price could drop, but long term it'd be out weighed by the gains. Look into what the company is planning to do. Look at some of the reports from Zacks, CCP and Morgans. Compare what they are doing and how it will fit into the US supply chain. They are funded to enact their scaling. But I also think some of the future value is already being factored into the current price.
Most of the regulars on this site would NEVER tell someone how to invest. It depends on your personal position and risk you are willing to accept.
Hard one though...
NVX Chart, page-899
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Last
71.0¢ |
Change
-0.055(7.19%) |
Mkt cap ! $347.1M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 75.0¢ | 70.0¢ | $1.826M | 2.521M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7797 | 70.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.0¢ | 24884 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| NVX (ASX) Chart |