Ouch!
3million+ shares on the sell depth
down 3% today on 600k shares traded on its highest volume day which indicates a sell off
Euroz sold off NET 5million from October to February according to the broker data
Regarding recent battery testing announcement:
-No information of purification methods in announcement to achieve 99.95% battery grade
-No ICL data on published after more than 1 cycle of testing ie no ICL results for 50 cycles or 100 cycles etc of testing which is a worry when determining the life cycle and performance of the battery for more than 1 cycle.
-BET and Tap Density when compared to a typical Chinese graphite anode were actually lower in performance and capacity.
Other critical issues:
-RAP
-Offtakes with third party traders who do not have any significant sales in the lithium battery industry...at all!
-Over supply of low-purity refractory graphite from China is weakening graphite prices
-No information on purification methods nor costs to purify to 99.95% battery-grade
-Spherical plant required to increase margins as it is not viable to rely on refractory graphite nor is it feasible to sell graphite-concentrate without any significant margins.
-Finance delay
-Lack of investor confidence hence weak share price and market cap of 40*million
time to sell the dog. You're just delaying the inevitable.
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Last
11.5¢ |
Change
-0.010(8.00%) |
Mkt cap ! $52.21M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 11.5¢ | $46.28K | 402.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 444600 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 9666 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 444600 | 0.110 |
3 | 109123 | 0.105 |
13 | 274594 | 0.100 |
1 | 140000 | 0.099 |
2 | 105000 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 9666 | 2 |
0.125 | 60931 | 2 |
0.130 | 2500 | 1 |
0.135 | 94354 | 3 |
0.140 | 200 | 1 |
Last trade - 15.43pm 22/07/2024 (20 minute delay) ? |
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EGR (ASX) Chart |