PEK 0.00% 21.0¢ peak rare earths limited

48,000 shares to buy at 0.49 is "building up...

  1. sjl
    1,210 Posts.
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    48,000 shares to buy at 0.49 is "building up nicely"?

    Puhleeeeeeze. That's only $24,000 worth of shares.

    Market depth, right now, is pretty close to meaningless. If PEK follows form from the last trading halt, they'll release the announcement a good hour before the market opens, which will give people plenty of time to assess the information and reposition themselves accordingly. If you were worried about bad news, you might position yourself in front of the exit door in advance of the results, but that's less useful with PEK than with a penny dreadful that's trading in the tenths of a cent range (where you might not be able to sell because there aren't enough buyers.)

    Talk to me after the news has been released, or in the ten minutes leading up to the return to trade. That's when market depth will have some sort of significance (and it might not be very much even then.)

    (Disclaimer: Don't get me wrong, I'm very bullish on this company. I'm just irritated by people making grandiose pronouncements with little by way of facts to back them up.)
 
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Last
21.0¢
Change
0.000(0.00%)
Mkt cap ! $55.95M
Open High Low Value Volume
20.5¢ 21.0¢ 20.5¢ $17.37K 83.00K

Buyers (Bids)

No. Vol. Price($)
1 14285 21.0¢
 

Sellers (Offers)

Price($) Vol. No.
21.5¢ 26001 1
View Market Depth
Last trade - 14.52pm 26/07/2024 (20 minute delay) ?
PEK (ASX) Chart
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