Correct, long term moving average is irrelevant in this scenario.
The acquisition makes a comparison of SUM today very different to 12 months ago. Especially when their tenements are littered with Niobium.
Applying this rationale to penny stock micro caps you will miss 100% of breakouts, bigger stable blue chips it makes a bit more sense.
GLTAH
Correct, long term moving average is irrelevant in this...
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Last
25.0¢ |
Change
-0.025(9.09%) |
Mkt cap ! $15.55M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 24.5¢ | $880.1K | 3.434M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 222548 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 115512 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| SUM (ASX) Chart |