Since peaking in the first week of the new year, GEV has been in steady decline - not exactly helped by the market shenanigans that transpired in early Feb and caused across-the-board weakness; especially in the smaller end.
I must admit that I'm surprised and a little disappointed that there hasn't been any real follow through buying on what I thought was an excellent announcement yesterday. However, upon looking at the weekly chart, I see that we have a break of downtrend following 7 descending weeks.
I'm not fully convinced yet as I'd like to see better volume characteristics; however, in the announcement it seems as though a follow up report with the Indian counterparty to the deal is imminent and I then suspect that the market will be much wiser about the magnitude of this deal and its implications for GEV.
Suffice to say that I'm a believer and have continued to accumulate at current levels as I feel a rerating is not far away.
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Last
4.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.50M |
Open | High | Low | Value | Volume |
4.7¢ | 4.8¢ | 4.6¢ | $40.62K | 877.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 56714 | 4.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.8¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 56714 | 0.046 |
4 | 83403 | 0.045 |
1 | 25000 | 0.044 |
1 | 37380 | 0.042 |
3 | 119726 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 148136 | 1 |
0.050 | 30306 | 2 |
0.051 | 87302 | 2 |
0.052 | 66371 | 2 |
0.054 | 4500 | 1 |
Last trade - 14.22pm 19/04/2024 (20 minute delay) ? |
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Last
4.6¢ |
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Change
0.000 ( 0.00 %) |
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Open | High | Low | Volume | ||
4.6¢ | 4.6¢ | 4.6¢ | 12129 | ||
Last updated 12.50pm 19/04/2024 ? |
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