It's the hot money moving out of gold stocks, most notable is the more junior/explorer area, they have been deflating a lot, you have to remember they all moved up a lot off their March lows, most made moves exceeding 100%-200%. From what I have noticed is gold stocks other than the majors are always in a chronic position of being undervalued by looking at them, their natural state is never fair value because they are so risky, once they get to fair value they are in a sense overvalued even with gold at $1900.
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Last
$1.50 |
Change
0.020(1.35%) |
Mkt cap ! $1.705B | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.52 | $1.47 | $7.074M | 4.727M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20315 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 22893 | 5 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| WAF (ASX) Chart |