My reference was to do with shorting - AVZ has fallen from 37c in January to 12c yesterday and it has almost nothing to do with shorting it has almost 2 billion shares on issue and only 6m short sold .
PLS is range bound at present because its still in the Orphan mining phase , shorts are not the reason the stock is not making new highs - its simply lack of buying demand , that should change when it starts making money $$
Just as the longs think its currently undervalued the shorts think its overvalued at $1.6b market cap . Both groups will find out who got it right over the coming months/years
My reference was to do with shorting - AVZ has fallen from 37c...
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Last
$2.67 |
Change
0.310(13.1%) |
Mkt cap ! $8.040B | |||
| Open | High | Low | Value | Volume |
| $2.55 | $2.77 | $2.53 | $172.5M | 64.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 295865 | $2.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.67 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |