What an interesting day of trading for Vulcan. After some moderate gains over the past couple of weeks we were knocking on the door again at the $2.60 to $2.70 resistance point. While most of the other key lithium stocks gained in the morning, Vulcan dropped to $2.50 before climbing through the day and then punching through to a high of $2.87 - an internal rise of 14.8% - before closing at $2.82.
Consensus has been VUL was/is undervalued so possibly some new investors coming in to take a position before more confirmation that the technology & installations will perform as expected. The general outlook for most lithium stocks has improved.
Nearly a 4:1 ratio of buyers to sellers also indicates greater confidence in Vulcan and the general promise of A-DLE.
The recent lows being revisited were excellent opportunities to top up. We bought in to the maximum limits of our super allocations.
2024 could be a good one for long term holders.
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Last
$3.68 |
Change
-0.040(1.08%) |
Mkt cap ! $700.0M |
Open | High | Low | Value | Volume |
$3.71 | $3.72 | $3.68 | $226.3K | 61.06K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 11458 | $3.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.69 | 1682 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1240 | 3.720 |
5 | 7551 | 3.710 |
4 | 26037 | 3.700 |
3 | 2224 | 3.690 |
4 | 5780 | 3.680 |
Price($) | Vol. | No. |
---|---|---|
3.730 | 188 | 2 |
3.740 | 3339 | 2 |
3.750 | 5349 | 2 |
3.760 | 3098 | 1 |
3.770 | 795 | 2 |
Last trade - 10.17am 02/07/2024 (20 minute delay) ? |
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VUL (ASX) Chart |
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