RXL 7.69% 14.0¢ rox resources limited

I think you have to expect some profit taking when the share...

  1. 367 Posts.
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    I think you have to expect some profit taking when the share price has risen 34% over the past 6 trading days, from .032 to .043. Some steam was taken out of today's trading, which by midday was indicating a willingness to settling back into a more subdued range after yesterday's enthusiasm.

    I don't blame those with a short time horizon for cashing in on the gains available, after all, it is both short and long term players that make the market and drive price in both directions.

    My expectation is that Alex hasn't embarked on a promotional spin of the media, brokers and researchers without a suitcase of goodies to retain their interest. On that note, I feel we may see some positive drilling assays early next week, with more to come on a drip feed basis leading up to the Nickel divestiture.
 
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Last
14.0¢
Change
0.010(7.69%)
Mkt cap ! $57.21M
Open High Low Value Volume
13.0¢ 14.0¢ 13.0¢ $30.15K 222.8K

Buyers (Bids)

No. Vol. Price($)
12 778219 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
13.5¢ 6667 1
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Last trade - 13.59pm 03/09/2024 (20 minute delay) ?
RXL (ASX) Chart
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