From an historical PE perspective it only looks fair value at these prices. MIN has a trailing PE of just under 10 which is around its historical average. The things that provide upside are Wodgina and any potential sale of share and future Lithium income. The share price drop is because of some in the markets scepticism around Lithium pricing going forward.
I don't see much downside at these share price levels though. Hopefully a bullish outlook next week will bode well for us holders.
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Last
$70.87 |
Change
2.570(3.76%) |
Mkt cap ! $13.83B |
Open | High | Low | Value | Volume |
$70.25 | $70.96 | $69.76 | $92.10M | 1.303M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 90 | $70.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$70.87 | 3611 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 90 | 70.830 |
1 | 285 | 70.800 |
1 | 40 | 70.650 |
1 | 40 | 70.550 |
1 | 2336 | 70.500 |
Price($) | Vol. | No. |
---|---|---|
70.880 | 1202 | 2 |
70.890 | 2245 | 3 |
70.900 | 242 | 3 |
70.930 | 200 | 3 |
70.940 | 500 | 1 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
$70.74 |
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Change
2.570 ( 3.51 %) |
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Open | High | Low | Volume | ||
$70.25 | $70.93 | $69.81 | 316873 | ||
Last updated 15.59pm 28/03/2024 ? |
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MIN (ASX) Chart |
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