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.
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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
2.0¢ |
Change
0.002(11.1%) |
Mkt cap ! $12.57M |
Open | High | Low | Value | Volume |
2.0¢ | 2.1¢ | 1.9¢ | $4.151K | 208.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 203 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 128695 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 203 | 0.020 |
1 | 20275 | 0.019 |
1 | 834 | 0.018 |
5 | 631632 | 0.017 |
2 | 212500 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 128695 | 2 |
0.025 | 50000 | 1 |
0.026 | 182548 | 1 |
0.027 | 22222 | 1 |
0.028 | 75300 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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