Yep, lots of people don't seem to understand how the coal market works and get it mixed up with iron ore - both do come out of the ground, but only some of them come together later to make steel. I wouldn't be surprised if there is some on selling going on in these markets, which further dilutes any short term analysis.
The current drop in the WHC share price I think has no true basis at the moment wrt to their business fundamentals.
As always DYOR.
Target $4.61, page-1409
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 (20min delay)
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Last
$5.71 |
Change
-0.065(1.13%) |
Mkt cap ! $4.793B | |||
| Open | High | Low | Value | Volume |
| $5.75 | $5.81 | $5.66 | $20.78M | 3.625M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 18536 | $5.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.71 | 24476 | 49 |
View Market Depth
| Last trade - 13.09pm 09/09/2024 (20 minute delay) ? |
| WHC (ASX) Chart |