Hi Guys
It is due by the end of July, so we could expect an announcment any time. The recent rise is a combination of two factors, one chart fundamentals and two anticipation of pending announcements and quaterly results.
Volume is drying up and indicators are moving towards positive teritory (MACD) and the slow stochs have been in an upward trend for several days. Also with the scoping study due by the end of the month. I believe holders are hanging onto their holdings in case of missing any positive news due in the next few weeks.
The stock has also been holding its gain lately and not testing previous support. 55c has kicked in as a line of resistance now, which could indicate a move higher is on the cards. Volume also suggests such a move is likely, worth noting aswell is that management has included drilling results in quaterly reports before (see latest quaterly).
Either way should be intresting times for AKM holders in the next few weeks, GL to all holders.
GB
Hi Guys It is due by the end of July, so we could expect an...
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Last
32.0¢ |
Change
0.030(10.3%) |
Mkt cap ! $162.4M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 32.0¢ | 28.5¢ | $82.98K | 270.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2580 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 61425 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| AKM (ASX) Chart |