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.
What an interesting day of trading for Vulcan. After some...
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Last
$4.22 |
Change
0.050(1.20%) |
Mkt cap ! $779.1M | |||
| Open | High | Low | Value | Volume |
| $4.20 | $4.30 | $4.08 | $993.2K | 236.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1547 | $4.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.24 | 1888 | 6 |
View Market Depth
| Last trade - 12.43pm 19/06/2024 (20 minute delay) ? |
| VUL (ASX) Chart |