The SP ran from 0.20 to $2.00 in a short period between Mar20-Nov20.
Move of that size takes time to digest, some take profits and a new base / valuation is formed by the market.
This has been doing so for over a year now, circa 430 odd days, which should provide good foundation.
It's quite bullish when you start to see the price step higher without any news catalysts.
Even more so when there's negative news (Tripartite LOI Lapse) you've had an initial sell off, then instead of a rerating lower, there's continued accumulation / price creep higher that most importantly hasn't been driven by any significant news catalyst.
The SP ran from 0.20 to $2.00 in a short period between...
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Last
56.5¢ |
Change
0.005(0.89%) |
Mkt cap ! $214.5M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 58.0¢ | 56.5¢ | $196.1K | 343.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55402 | 56.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| TLG (ASX) Chart |