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
$4.89 |
Change
0.540(12.4%) |
Mkt cap ! $920.2M |
Open | High | Low | Value | Volume |
$4.53 | $4.89 | $4.53 | $5.547M | 1.174M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1155 | $4.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.89 | 4307 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5117 | 4.870 |
1 | 4008 | 4.770 |
2 | 3601 | 4.760 |
2 | 10000 | 4.750 |
1 | 682 | 4.720 |
Price($) | Vol. | No. |
---|---|---|
4.890 | 4307 | 1 |
4.900 | 46772 | 4 |
4.910 | 2031 | 1 |
4.950 | 5201 | 3 |
4.980 | 7750 | 4 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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VUL (ASX) Chart |