The IO price has pleasantly closed above $106 USD, which is higher than what it was towards the end of July when Fenix was trading above 40c.
I think this may be what some were referring to when they suggested the drop in the stock's SP in comparison to the drop in the IO price couldn't really be specifically or entirely related.
IMHO, seeing the current recovery in the IO price, there's more merit in inferring the no-dividend decision was the predominant factor for the significant sell off.
Price of Iron Ore, page-1876
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Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $179.2K | 663.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1219425 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 75776 | 3 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |