MLM 13.3% 3.4¢ metallica minerals limited

MLM Chart

  1. cr7
    766 Posts.
    lightbulb Created with Sketch. 6
    There is some serious relative volume going through MLM, Monday 6/6 was the highest ever volume day by nearly 100% and yesterday was the second highest ever volume day. Here is the daily chart going back to 2005. METALLICA MINERALS LIMITED.png
    Here is the weekly, the volume increase is clearer.

    M33ETALLICA MINERALS LIMITED.png
    (zoomed in daily)
    When you zoom in, you can see a pickup in volume on the 4/4 interestingly enough at all time lows (a good sign if it holds). I use a 50ma on volume to gauge av volume/per day. Average volume (per day) on MLM generally ranges between 100-200k.
    Average volume since the 4/4 is just under 800k/day. A four fold increase around lows. Fwiw, thinking between the lines and connecting the dots, there is obviously a considerable change of hands here, hopefully to strong hands, and I believe once the last remaining stale placement/ long term holders are out this is poised for a sustained move to realise it's true asset value.

    METALLICA44 MINERALS LIMITED.png
 
watchlist Created with Sketch. Add MLM (ASX) to my watchlist
(20min delay)
Last
3.4¢
Change
0.004(13.3%)
Mkt cap ! $11.01M
Open High Low Value Volume
3.0¢ 3.4¢ 3.0¢ $22.41K 686.6K

Buyers (Bids)

No. Vol. Price($)
1 100000 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.4¢ 593587 4
View Market Depth
Last trade - 15.54pm 20/04/2021 (20 minute delay) ?
(live)
Last
3.4¢
  Change
0.004 ( 13.3 %)
Open High Low Volume
3.2¢ 3.4¢ 3.2¢ 114862
Last updated 15.54pm 20/04/2021 (live) ?
MLM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.