Sell down is part of market sentiment.
Because it has run fairly hard it'll be sold down by profit-takers that may want to pick up more of some of the harder hit stocks now at bargain prices.
As to whether it is a good buy at these prices - only time will tell. This depends on what the reason for the price increase was. If it is a major party taking a position and maybe thinking of a takeover then I think it is good buying, if it was purely trader speculation you need to be careful.
I would expect the SP to rise to between $2 and $3 over the next year though could be wrong. If it does make it to those levels then I guess this price is a fair buy. Anything could happen - what if further drilling turned up gold grades like the astonishing ones Ramelius found at Wattle Dam - the SP would have a one-way ticket to $5.
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Last
8.2¢ |
Change
0.002(2.50%) |
Mkt cap ! $50.48M |
Open | High | Low | Value | Volume |
8.0¢ | 8.2¢ | 8.0¢ | $34.99K | 432.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 262039 | 8.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.2¢ | 84 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 262039 | 0.081 |
7 | 1007304 | 0.080 |
2 | 15500 | 0.079 |
4 | 144208 | 0.078 |
3 | 50091 | 0.077 |
Price($) | Vol. | No. |
---|---|---|
0.082 | 45184 | 3 |
0.083 | 147246 | 9 |
0.084 | 21034 | 2 |
0.087 | 76659 | 1 |
0.089 | 72000 | 2 |
Last trade - 12.01pm 10/07/2024 (20 minute delay) ? |
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