Averaging down is a good way to not only increase ur holding but ur cost basis does come down, that said u must ask ur self with out the noise around a few questions.
Is the company preforming to ur standard as a shareholder.
Whots ur time frame for holding? If ur going to average down and sell two weeks later, averaging down isnt the way to go.
But if ur going to average down and hold as the company derisks with announcements like.......road axcess agrements, sales contracts, mining licence, tenement application approvals well averaging down is the way to go.
As for the share price / mkt cap look at the cash on hand the cash coming in and the most important put the share price on a roulette wheel and spin because who knows whot its going to do from 1 day to the next.
Uve only got to work out whot the stock is worth when ur ready to sell so ride the waves and try not to worry to much.
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.11M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 907453 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 953306 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 907453 | 0.022 |
2 | 387291 | 0.021 |
1 | 300000 | 0.020 |
1 | 300000 | 0.019 |
3 | 1200000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 953306 | 2 |
0.024 | 920848 | 2 |
0.025 | 1446085 | 3 |
0.026 | 71000 | 2 |
0.029 | 100000 | 1 |
Last trade - 10.44am 11/07/2024 (20 minute delay) ? |
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