Obviously someone HAD TO SELL on the back of the previous shocker of a trading day (margin call). Not enough volume to be of any concern. If it was bad news "on the ground" we would have seen larger volume.
However, I am now very cautious after we see a rapid sell down (as we have seen in the last couple of weeks) after being promoted up to around 30 cents - but that was on very very thin volume also.
There is still no underlying strength in this stock (it can't fight market sentiment) and it will only happen after a couple of solid quarters of production at reasonable costs. Hopefully, when indicators of market confidence start turn coupled with good production figures we will see a significant revaluation of this stock. A key indicator will be when we start to see some excitement in the M & A area - this will signal the turnaround is near.
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Last
$33.30 |
Change
0.300(0.91%) |
Mkt cap ! $7.935B |
Open | High | Low | Value | Volume |
$33.12 | $33.63 | $33.03 | $32.04M | 960.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2613 | $33.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$33.49 | 9821 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2613 | 33.300 |
2 | 686 | 33.260 |
1 | 3051 | 33.250 |
1 | 3051 | 33.230 |
3 | 3249 | 33.210 |
Price($) | Vol. | No. |
---|---|---|
33.490 | 3051 | 1 |
33.510 | 3051 | 1 |
33.530 | 3051 | 1 |
33.560 | 3051 | 1 |
33.600 | 3709 | 2 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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ALD (ASX) Chart |