It is quite notable how much the turnover of RXM has increased. It has had over a million shares a day traded over the last 2 days. This sugguests the market is fairly liquid and that the share price is an acurate reflection of sentiment. This is a mining stock not a house, tangible assests do not mean much. The price looks like it is not going to go up until the market is sure it is not going to get hit with a capital raising. Unless financing is aranged or there is a takeaover this stock is in a range below 75 cents
technically and fundamentally, page-18
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Last
45.5¢ |
Change
0.005(1.11%) |
Mkt cap ! $356.3M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 45.8¢ | 45.0¢ | $1.185M | 2.606M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1062823 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 2171318 | 23 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| RXM (ASX) Chart |