With the mood the market's been in there appears to be a lot of very oversold stocks ATM. Also traditionally a good time to pick up bargains sold down for tax losses.
This particular stock also continues to suffer from being largely unknown to the market (or not well understood), I believe, and it would also appear there is close to nothing in the SP for Vanadium's potential use in batteries(?)
Also curious trading recently - from the sequences and patterns it appears to be largely one player selling down???
Here's another post dredged up from earlier that gives another perspective on the current SP - tracking the director buying from last year. I believe these figures collate as follows:
12 Aug - AB bought 400,000 avg 22.3 cents 18 Aug - DCH bought 200.000 avg 22.5 cents 25 Aug - AB bought 580,232 avg 24.5 cents 3 Sep - AB bought 392,109 avg 31.6 cents 7 Sep - DCH bought 100,000 avg 36.3 cents 13 Sep - AB bought 250,000 avg 40.1 cents 15 Sep - AB bought 750,000 avg 40.2 cents 21 Sep - DCH bought 100,000 avg 42.5 cents 27 Oct - AB bought 250,000 avg 35.5 cents 29 Oct - AB bought 200,000 avg 40.3 cents
While some of this may reflect the additional value of anticipated copper hits (which have so far disappointed), I believe it gives another perspective on the current SP. As you say, there has been more progress on defining the V resource since then, which I've always considered the main game.
Cheers.
SPM Price at posting:
23.0¢ Sentiment: LT Buy Disclosure: Held