Good signs of upward price movement starting to emerge midday today with increase in trading volume and SP.
Perhaps some realisation that at these price levels there is value and opportunity. It will be interesting to see if the market starts to factor in the placement and SPP as positives - the current net cash backing per share is around 17c and any shares issued at 20c will increase that figure (even if only marginally).
I see the positives here rather than the negatives. The issue with CSG seems to be that any milestone information (eg. the recent government approval) seems to take time before it gets much discussion and then recognition of the value of such news is slow.
I see MEL as a stock with potential and expect that in the short term we will look back and realise that the SP today is cheap (IMHO)
DYOR
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Good signs of upward price movement starting to emerge midday...
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $7.237M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $500 | 100K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 13664897 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 3626406 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 13664897 | 0.004 |
8 | 15262019 | 0.003 |
4 | 16775000 | 0.002 |
4 | 47300000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 3626406 | 5 |
0.006 | 4039880 | 6 |
0.007 | 2663797 | 4 |
0.009 | 615051 | 2 |
0.010 | 1000000 | 1 |
Last trade - 10.04am 25/07/2024 (20 minute delay) ? |
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MEL (ASX) Chart |